Lending standards for loans in Greece have not changed – Greek City Times

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Lending standards for loans to non-financial corporations (NFCs) remained unchanged and banks expect lending standards to remain unchanged throughout the third quarter of 2021. Bank of Greece said in a report released on Tuesday.

The central bank said that the terms of corporate loans remained largely unchanged, while overall demand for loans to NFC increased slightly.

Lending standards as well as the terms and conditions of loans to households remained unchanged, while demand for both housing and consumer loans increased slightly.

Fitch National Bank of Greece
National Bank of Greece.

In the second quarter of 2021, lending standards for loans to non-financial corporations (NFCs) remained unchanged compared to the first quarter of 2021, in line with expectations expressed in the previous round of the quarterly survey.

Moreover, banks expect lending standards to remain unchanged in the third quarter of 2021.

The general conditions for granting loans to NFC have remained practically unchanged compared to the first quarter of 2021.

The overall demand for loans to NFC slightly increased due to the increased needs for financing investments in fixed assets and working capital.

The overall demand for short-term and long-term loans to NFC is expected to increase slightly in the next quarter.

In the second quarter of 2021, the share of rejected loan applications from NFC remained virtually unchanged compared to the previous quarter.

In the second quarter of 2021, lending standards, as well as the conditions for granting loans to the population, remained unchanged compared to the first quarter of 2021, in line with the expectations expressed in the previous round of the quarterly survey.

The overall demand for housing and consumer loans increased slightly compared to the first quarter of 2021.

Increased consumer confidence has boosted demand.

The demand for home loans is expected to remain virtually unchanged in the next quarter, while the demand for consumer loans is expected to increase slightly.

The share of rejected applications for loans to the population in the second quarter of 2021 remained practically unchanged compared to the previous quarter.

READ MORE: Bank of Greece: budget revenues increased in January-June



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