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Banking

Results of the April 2011 bank lending survey for the euro area

Published by Gbaf News

Posted on May 11, 2011

2 min read

· Last updated: September 24, 2024

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The European Central Bank (ECB) is publishing today its report on the results of the April 2011 bank lending survey for the euro area. The bank lending survey, which is conducted four times a year, usually at the beginning of each quarter, was developed by the Eurosystem in order to enhance the understanding of bank lending behaviour in the euro area.

The results reported in the April 2011 survey relate to changes in the first quarter of 2011 and expectations of changes in the second quarter of 2011. This survey round included one ad hoc question aimed at gauging the extent to which the situation in the financial markets is affecting banks’ credit standards for loans and credit lines to enterprises and for loans to households in the euro area. The April 2011 bank lending survey was conducted between 14 and 31 March 2011. In the first quarter of 2011 the size of the sample of banks surveyed was increased to 124 in order to include replies from Estonian banks for the first time.
The report is available on the ECB’s website (http://www.ecb.europa.eu) in the “Statistics” section under “Monetary and financial statistics”/“Surveys”/“Bank lending survey”.

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Key Takeaways

  • Euro‑area banks reported a slight tightening of credit standards in Q1 2011 for loans to both non‑financial corporations and households (net tightening of ~4 % for firms and ~13 % for mortgages) (centralbanking.com).
  • Survey conducted between 14 and 31 March 2011, with sample size increased to 124 banks to include Estonia for first time (ecb.europa.eu).
  • An ad hoc question addressed how financial market conditions affected banks’ credit standards for enterprise and household lending (ecb.europa.eu).
  • Banks expected further moderate tightening of credit standards for both firms and households in Q2 2011 (thedailystar.net).

References

Frequently Asked Questions

What was the net tightening for loans to non‑financial corporations in Q1 2011?
Approximately a net 4 % of banks reported tightening of credit standards to non‑financial corporations in the first quarter of 2011 ([thedailystar.net](https://www.thedailystar.net/news-detail-183425?utm_source=openai)).
What was the net tightening for loans to households for house purchase?
A net 13 % of banks reported tighter standards for mortgage lending in Q1 2011 ([thedailystar.net](https://www.thedailystar.net/news-detail-183425?utm_source=openai)).
When was the survey conducted and how many banks participated?
The survey ran from 14 to 31 March 2011 with 124 euro‑area banks surveyed, including Estonian banks for the first time ([ecb.europa.eu](https://www.ecb.europa.eu/press/pr/date/2011/html/pr110427.fi.html?utm_source=openai)).
Did the survey include any special questions?
Yes, it included one ad hoc question on how financial market conditions were impacting banks’ credit standards for enterprise and household lending ([ecb.europa.eu](https://www.ecb.europa.eu/press/pr/date/2011/html/pr110427.fi.html?utm_source=openai)).
What did banks expect for Q2 2011 credit standards?
Banks expected a further moderate tightening of credit standards for both non‑financial corporations and households in the second quarter of 2011 ([thedailystar.net](https://www.thedailystar.net/news-detail-183425?utm_source=openai)).

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