State guarantees helped prevent drop in business loans – ECB survey
But credit standards to households tightened further, as higher NPL ratios hamper credit provision
Government loan guarantees helped keep loans to enterprises in the eurozone unchanged during the second quarter of the year, but that support may soon fall away.
According to the bank lending survey of the European Central Bank, financial institutions reported that state support played a crucial role for companies in most countries of the bloc. However, credit standards for households tightened further.
In spite of ample financial support, “banks continued to indicate the deteriorated economic
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