Credit standards and demand for loans to NFCs remained broadly unchanged in the third quarter of 2016

Credit standards and demand for loans to non-financial corporations (NFCs) remained broadly unchanged in the third quarter of 2016, compared with the second 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 report, said moreover that banks expect credit standards and demand will remain unchanged during the fourth quarter of 2016.

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

Regarding loans to households, credit standards and demand again remained broadly unchanged in the third quarter of 2016 compared with the second 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 fourth quarter of 2016.

The terms and conditions for loans to households remained broadly unchanged in the third quarter of 2016. The share of rejected applications for loans to households somewhat increased during the third quarter of 2016.