Eurozone banks tighten standards as loan demand grows
As banks imposed tighter credit standards, demand for loans, particularly from households, shot up in the second quarter of this year, the European Central Bank's (ECB) July survey of bank lending, published Wednesday, found.
Eurozone banks reported an 11% net tightening in their credit extension standards, up 8 percentage points from the first quarter of the year. In the central bank's first quarter survey, lenders had expected a net tightening of only 2%. Banks were more selective in granting
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