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Athens Macedonian News Agency: News in English, 16-01-19
CONTENTS
[01] Credit standards for corporate loans broadly unchanged in Q4, BoG
[01] Credit standards for corporate loans broadly unchanged in Q4, BoG
ANA-MPA -- Credit standards for loans to non-financial corporations
remained broadly unchanged in the fourth quarter of 2015, compared
with the third quarter of 2015, in line with expectations, the Bank of
Greece said on Tuesday. Banks expect that credit standards will remain
unchanged in the first quarter of 2016.
Despite the unchanged credit standards, the conditions and terms for
loans to non-financial corporations tightened somewhat in the fourth
quarter of 2015 compared with the previous quarter. The demand for
loans decreased slightly in the fourth quarter of 2015, as opposed to
the positive expectations. The decline was due to decreased financing
needs of non-financial corporations for both working capital and fixed
investment. Demand for loans is expected to improve in the first quarter
of 2016.
In the fourth quarter of 2015, credit standards for loans to households
remained basically unchanged compared with the third quarter of
2015. It is noted that in the previous survey banks had stated that
they expected a tightening of standards for consumer credit. As regards
the expectations for the first quarter of 2016, credit standards for
all loans to households are expected to remain unchanged. The terms
and conditions for loans to households remained also unchanged in the
fourth quarter of 2015. The demand for loans to households increased
in the fourth quarter of 2015, in line with expectations expressed in
the previous survey round. Moreover, the demand is expected to increase
further in the first quarter of 2016.
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