欧元区借贷调查.pdfVIP

THE EURO AREA BANK LENDING SURVEY 3RD QUARTER OF 2012 OCTOBER 2012 © European Central Bank, 2012 Address Kaiserstrasse 29, 60311 Frankfurt am Main, Germany Postal address Postfach 16 03 19, 60066 Frankfurt am Main, Germany Telephone +49 69 1344 0 Internet http://www.ecb.europa.eu Fax +49 69 1344 6000 All rights reserved. Reproduction for educational and non-commercial purposes is permitted provided that the source is acknowledged. ISSN 1830-5989 (online) The results reported in the October 2012 bank lending survey (BLS) relate to changes during the third quarter of 2012 and expectations of changes in the fourth quarter of 2012. The survey was conducted between 20 September and 9 October 2012. With 131 banks participating , the response rate reached 100%. In this survey, two ad hoc questions were added to the regular questionnaire: one question addressing the impact of the financial turmoil on access to retail and wholesale funding, and one on the impact of the sovereign debt crisis on banks ’ funding conditions and credit standards. 1 OVERVIEW OF THE RESULTS According to the October 2012 bank lending survey, the net tightening of credit standards by euro area banks for loans to enterprises increased in the third quarter of 2012 (15% in net terms, up from 10% in the second quarter of 2012). For loans to households for house purchase the net tightening was broadly stable in the third quarter of 2012 (12%, after 13% in the second quarter of 2012), while the net tightening declined slightly for consumer credit (3%, down from 7% in the second quarter of 2012). The impact of banks’ cost of funds and balance sheet constraints on the net tightening of credit standards eased in the case of loa