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EUROZONE DATA
Euro area credit standards were broadly unchanged at tight levels in Q2 2024, with loan demand continuing to decline for firms, the latest ECB Bank Lending Survey showed, albeit at a slower pace than in Q1. However, loan demand for households picked up for the first time since 2022, despite a further modest net tightening of standards.
- Looking ahead, banks across the euro area expect a moderate net tightening for loans to firms and unchanged credit standards for loans to households in Q3.
- Credit standards for firms displayed some heterogeneity across economic sectors, tightening strongly in commercial real estate.
- Euro area banks reported a small further net tightening of their credit standards – i.e banks’ internal guidelines or loan approval criteria – for loans or credit lines to enterprises in the second quarter of 2024 (net percentage of banks of 3%).
- Banks reported a moderate further net easing of their credit standards for loans to households for house purchase (net percentage of -6%), whereas credit standards for consumer credit and other lending to households tightened moderately further (net percentage of 6%).
- Full sumary table of results below:
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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