Eurozone banks tighten credit standards – ECB survey
Lending conditions for firms, consumers and homebuyers expected to become more stringent in Q4
Banks in the eurozone tightened credit standards during the third quarter and are expected to continue doing so during Q4, the European Central Bank has said.
The ECB’s latest lending survey, published on October 27, shows that in Q3 banks reported a net tightening of 9% in credit standards for firms – above the 5% the lenders had expected during the previous survey – and of 14% for consumer credit. The lenders surveyed cited heightened risk perceptions and lower risk tolerance as the main
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