The European Central Bank (ECB) quarterly bank lending survey (BLS) shows that during the first quarter of 2010, a tightening of credit standards and a decrease in loan demand was reported for loans to enterprises and households by Irish banks. Similar to the January 2010 round of the BLS, access to wholesale funding markets is reported to have eased or remained unchanged with this pattern expected to continue during the second quarter of 2010.
Related posts:
- Bank Lending Survey: Irish banks say wholesale funding deteriorated in Q1; Eurozone banks tightened credit
- ECB Bank Lending Survey: Demand for credit from Eurozone businesses increased in Q3 – - the first rise in over 2 years; Irish banks report stable credit conditions
- Central Bank says no evidence that banks had reduced their credit standards in respect of Irish SMEs
- New bank credit report shows lending to Irish small firms is improving
- Eurozone companies increased credit demands from banks in Q4 of 2010; Demand for house loans also increased but fell in Ireland