Banks expect increased demand for business loans, according to the Bank of Greece

Increased demand for business loansfrom both small and medium-sized and large companies, banks expect, while the demand for new housing and consumer loans is expected to remain unchanged.

In more detail, according to her data Bank of Greeceduring the fourth quarter of 2022, the criteria for granting loans to non-financial enterprises (NFEs) remained unchanged compared to the third quarter of 2022, a development in line with the expectations expressed in the survey of the previous quarter.

In addition, the banks estimate that the criteria will remain unchanged during the first quarter of 2023.

The overall terms of granting loans to MFIs remained unchanged compared to the third quarter of 2022.

During the fourth quarter of 2022, the overall demand for loans and, in particular, long-term loans, increased, both from small and medium-sized and large enterprises.

The factors that influenced the increase in demand were mainly the financing of fixed investments and the formation of working capital. The proportion of business loan applications rejected was unchanged from the previous quarter.

Regarding loans to households in the fourth quarter of 2022, the criteria and overall conditions for granting loans to households remained unchanged compared to the third quarter of 2022, a development in line with the expectations expressed in the survey of the previous quarter .

Demand for Consumer and Home Loans Remained Almost Flat For Q1 2023, demand for both home and consumer loans is expected to remain almost flat.

The criteria for granting housing and consumer loans are expected to remain unchanged during the first quarter of 2023.

The ratio of loan applications to households that were rejected remained almost unchanged from the previous quarter.

RES-EMP

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