Euro zone bks to tighten access to corporate lending: ECB survey

Banks stopped easing credit standards for enterprises in the three months to September and a narrow majority of them expects to tighten them in the current quarter, the ECB's lending survey showed.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney IThe Winning Leap SME Special
Moneycontrol

Home » News » World News

Oct 18, 2016, 02.01 PM | Source: Reuters

Euro zone bks to tighten access to corporate lending: ECB survey

Banks stopped easing credit standards for enterprises in the three months to September and a narrow majority of them expects to tighten them in the current quarter, the ECB's lending survey showed.

Like this story, share it with millions of investors on M3

Euro zone bks to tighten access to corporate lending: ECB survey

Banks stopped easing credit standards for enterprises in the three months to September and a narrow majority of them expects to tighten them in the current quarter, the ECB's lending survey showed.

Post Your Comments

Share Cancel

Euro zone bks to tighten access to corporate lending: ECB survey
Euro zone banks are set to tighten access to corporate credit for the first time in 2-1/2 years as they become more wary of risk and negative interest rates eat into their profit, a European Central Bank survey showed on Tuesday.

Banks stopped easing credit standards for enterprises in the three months to September and a narrow majority of them expects to tighten them in the current quarter, the ECB's lending survey showed.

Lenders cited lower risk tolerance as a factor contributing to the tightening, while also voicing their discomfort with the ECB's negative deposit rate, effectively a charge on banks' deposit with the central bank.

A large majority of banks said the charge had a negative impact on their lending rates and margins over the past six months. Some even said it was leading to an increase in their charges to customers, particularly companies, over and above interests.

The survey was conducted in September.

Buy, Hold, Sell ? Hear it first on M3
Euro zone bks to tighten access to corporate lending: ECB survey

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login