×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ecb | banks | tight | credit

European Banks See Continued Credit Tightening

Friday, 29 January 2010 02:17 PM

Banks in the euro zone expect to continue toughening their credit rules for firms and households in the first part of 2010, despite hopes the tightening cycle had peaked, the European Central Bank said on Friday.

A net 4 percent of banks said they saw themselves tightening credit standards to firms in the first quarter compared with the net 3 percent that toughened lending requirement in the fourth quarter of 2009.

"The net tightening of credit standards on loans to non-financial corporations declined to 3 percent in the last quarter of 2009... which was somewhat above the expectation, at the time of the previous survey round," the ECB said in its latest quarterly Bank Lending Survey.

"Looking forward, euro area banks expect some further tightening of credit standards on loans to NFCs in the first quarter of 2010, with net tightening potentially worsening slightly, to 4 percent," it added.

© 2022 Thomson/Reuters. All rights reserved.


FinanceNews
Banks in the euro zone expect to continue toughening their credit rules for firms and households in the first part of 2010, despite hopes the tightening cycle had peaked, the European Central Bank said on Friday. A net 4 percent of banks said they saw themselves...
ecb,banks,tight,credit
149
2010-17-29
Friday, 29 January 2010 02:17 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved