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October 2022 bank lending survey in Spain

Author

Listed:
  • Álvaro Menéndez Pujadas
  • Maristela Mulino

Abstract

According to the Bank Lending Survey, in 2022 Q3 credit standards and loan terms and conditions tightened across the board, both in Spain and in the euro area as a whole, with the loans to households for house purchase segment seeing the most pronounced tightening. Meanwhile, loan applications in virtually all the categories declined in both areas. These developments unfolded against a backdrop of higher risks associated with the deterioration in the economic outlook and of monetary policy normalisation, which is translating into an increase in the cost of funds. This setting has also affected expectations for Q4, with banks expecting the contraction in loan supply to continue and demand to decline in all the segments analysed.

Suggested Citation

  • Álvaro Menéndez Pujadas & Maristela Mulino, 2022. "October 2022 bank lending survey in Spain," Economic Bulletin, Banco de España, issue 4/2022.
    • Handle: RePEc:bde:journl:y:2022:i:04:d:aa:n:29
    Note: Analytical Articles
    as

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    File URL: https://www.bde.es/f/webbde/SES/Secciones/Publicaciones/InformesBoletinesRevistas/ArticulosAnaliticos/22/T4/Files/be2204-art29e.pdf
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    More about this item

    Keywords

    funding; credit; loan supply; loan demand; credit standards; terms and conditions on loans; financial markets.;
    All these keywords.

    JEL classification:

    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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