The European Central Bank's lending survey for January 2024 reveals that bank lending conditions tightened more in real estate and construction sectors compared to other sectors. Banks expect a small rebound in the demand for mortgages and loans to companies early this year, as the slump in lending shows signs of moderating. The decline in demand is attributed to higher interest rates, lower fixed investments, and subdued consumer confidence. Banks saw lower loan demand from businesses and households, but expect a small increase in loan demand in the first quarter.
Euro-zone credit demand may be stabilizing, says ECB's bank lending survey https://t.co/cjQ2taqYiY https://t.co/eADdEmIZsO
⚠️ MOST EURO ZONE BANKS FACE RISK FROM CLIMATE COMPLACENCY, ECB FINDS (Reuters) Most big banks in Europe are failing to adjust their business to the looming decarbonisation of the bloc's economy and thus face increased financial, reputational and legal risk, the European… https://t.co/K5ALoZZrwt
⚠️ EURO ZONE BANKS EXPECT REBOUND IN MORTGAGE APPLICATIONS - ECB POLL (Reuters) Euro zone banks expect a small rebound in the demand for mortgages and loans to companies early this year as a slump in lending shows early signs of moderating, a European Central Bank survey… https://t.co/GBuXmQkLYa
🔴 ECB BANK LENDING SURVEY JANUARY 2024 REPORT https://t.co/OjRGtC7j30
🔴 ECB LENDING SURVEY: BANK LENDING CONDITIONS TIGHTENED MORE IN REAL ESTATE AND CONSTRUCTION THAN IN OTHER SECTORS.
🔴 ECB LENDING SURVEY: BANKS SEE FURTHER NET TIGHTENING OF CREDIT STANDARDS.
🔴 ECB LENDING SURVEY: BANKS EXPECT SMALL INCREASE IN LOAN DEMAND IN 1Q.
🔴 ECB LENDING SURVEY: BANKS SAW LOWER LOAN DEMAND FROM BUSINESSES AND HOUSEHOLDS.
🔴 ECB LENDING SURVEY: DEMAND DECLINE DRIVEN BY HIGHER INTEREST RATES; LOWER FIXED INVESTMENTS AND SUBDUED CONSUMER CONFIDENCE.
📣 We are bringing #ING to court in a new climate lawsuit. @ING_news funds companies that are making the climate crisis worse with tens of billions of euros. In fact, the bank puts more money in polluting companies than any other Dutch bank. Read more 👉 https://t.co/eBi6pOHO8h https://t.co/G0kfxQk6pR