Euro-area credit standards show signs of easing
The latest Euro Area Bank Lending Survey from the European Central Bank notes that in the third quarter of 2009 the percentage of banks reporting a tightening of credit standards applied to loans and credit lines to enterprises fell significantly to 8%, compared with 21% in the second quarter.
The report notes that the most important driving forces for the net tightening in the euro area continued to be expectations regarding general economic activity and the industry or firm-specific outlook. It also notes that some of the supply-side factors, such as banks' access to market financing and banks' liquidity position, contributed to an easing of credit standards for loans to enterprises.
One hundred and eighteen euro-area banks took part in the survey.
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