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Q2 Sees Pick-Up in Consumer Loan Demand - ECB BLS

EUROZONE DATA
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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:


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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: