Tag Archives: bank credit

Data pose a downside risk for GDP forecast and strengthens case for additional ECB intervention.Euro area bank credit flows to non-financial corporations (NFC) were pretty disappointing in September (coming in flat after a decline of EUR 1bn in August). On a country by country basis, NFC flows were positive for the four biggest economies, but not enough to bring the 3-month average back into positive territory in Italy and Spain. On a brighter note, credit flows to euro area households rose...

Euro area bank credit flows were pretty strong in July, despite concerns about the impact of the 23 June Brexit referendum and banks’ health. In July, bank credit to euro area non-financial corporations (NFCs) accelerated, to EUR 12bn (adjusted for sales and securitisations) compared with a rise of EUR 8bn in June and EUR 10bn in May. Lending to NFCs seems to be stable, and on a gentle upward trend. On a country-by-country basis, core countries led the increase on loans to NFCs adjusted for...