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Banks tighten lending policy

Date: 05-11-2012

NBP Analyses: A bleaker outlook for the economy led the banks to tighten their lending policy in all segments, shows the quarterly survey by the Financial System Department of the National Bank of Poland.

Information on the quarterly “Senior Loan Officer Opinion Survey on Bank Lending Practices and Credit Conditions”, released by the National Bank of Poland on 5 November, discusses developments in banks’ lending policy and loan demand in the third quarter of 2012 and their expectations for the fourth quarter of the year. The survey was conducted among 29 banks, with a total share of 82% in the loan portfolio, at the turn of September and October 2012.

As regards corporate loans, the banks tightened lending policy, most notably towards small and medium-sized enterprises, in the third quarter of 2012. All terms on corporate loans were tightened, primarily those regarding spreads and collateral requirements. The banks attributed the changes in lending policy to elevated risk related to the expected economic situation and to industry-specific risk growth. At the same time, the survey responding banks reported no major changes in loan demand from enterprises. In the fourth quarter of 2012, the banks expect lending policy to be somewhat tightened in this segment, as demand for long-term loans from large enterprises is expected to grow slightly.

Terms on housing loans were also tightened. In addition, the banks raised spreads charged on this type of loans and increased their LtV requirements. Lending policy is expected to be tightened further and at the same time demand for housing loans is to grow in the fourth quarter of 2012.

In net terms, the standards of granting consumer loans were slightly tightened although the majority of the banks reported no changes in lending policy in this segment. No major changes in terms on consumer loans were reported as well. The banks expect lending policy to be tightened slightly and consumer loan demand to grow in the forthcoming quarter.

See a full version of “Senior Loan Officer Opinion Survey on Bank Lending Practices and Credit Conditions, 4th quarter of 2012”.

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