BoG: Credit standards and demand for loans unchanged in the fourth quarter of 2016

Credit standards and demand for loans to non-financial corporations (NFCs) remained unchanged in the fourth quarter of 2016, compared with the third quarter of 2016, in line with expectations expressed in the previous quarterly survey round, the Bank of Greece said on Tuesday.

The central bank, in a quarterly report, said that moreover, banks expect that credit standards will remain unchanged during the first quarter of 2017. The demand for total loans is also expected to remain unchanged during the first quarter of 2017, as the slightly higher demand for loans by small and medium sized companies will be counterbalanced by lower demand for loans by large corporations.

The terms and conditions for loans to NFCs remained also unchanged in the fourth quarter of 2016. The share of rejected applications for loans to enterprises remained also unchanged during the fourth quarter of 2016.

In the fourth quarter of 2016, credit standards and demand for loans to households remained unchanged compared with the third quarter of 2016, in line with expectations expressed in the previous survey round. Banks expect that credit standards and demand will also remain unchanged during the first quarter of 2017.

The terms and conditions for loans to households remained also unchanged in the fourth quarter of 2016. The share of rejected applications for loans to households remained also unchanged during the fourth quarter of 2016