Bank Lending Survey 2009 Q2

The results of the July 2009 bank lending survey show that in the second quarter of 2009, the net percentage of banks reporting a tightening of lending standards - albeit still at a high level - was lower compared with the high level in the first quarter2. The net tightening of lending standards was lower for enterprises than for households owing to the considerably tightened lending conditions in the first quarter 2009. This lesser tightening of lending standards is in line with the banks’ expectations in the previous survey. The net tightening of lending standards in the second quarter of 2009 stands at almost the same level for both enterprises and households (net balances -23.4 and -21.6 per cent, respectively).