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MNI BRIEF: EZ Q2 Bank Credit Standards Little Changed: ECB

(MNI) London

ECB's Bank Lending Survey shows finance firms' credit standards were flat in 3 months to July

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Loan approval criteria for banks across the euro area were little changed in the 3 months to July, according tothe European Central Bank's latest Bank Lending Survey published Tuesday.

According to the survey, credit conditions were broadly unchanged for loans to enterprises, standing at -1 (zero is unchanged). Standards for consumer credit and other non-mortgage lending to households was flat.

In Q3, the survey shows banks expecting a slight tightening of standards form loans to firms, while remaining broadly unchanged on loans to households.

Source: ECB BLS