Series: Economic Bulletin.
Author: Álvaro Menéndez Pujadas and Maristela Mulino.
Full document
Abstract
Rationale
This article summarises the main results of the Bank Lending Survey for 2022 Q4 and the expectations for 2023 Q1. It also analyses matters related to funding market access and the impact of other factors on responding banks’ lending policy.
Takeaways
- According to the Bank Lending Survey, in 2022 Q4 credit standards tightened across the board in Spainfor the third consecutive quarter.
- Loan demand fell in the two household segments (house purchase and consumer credit and otherlending), while demand from enterprises grew slightly, driven by their greater financing needs for workingcapital and inventories.
- For 2023 Q1, banks once again expect loan supply to contract and loan demand to fall across theboard.