Tags: Europe | Banks | Tighten | Lending | Rules

ECB Expects Banks to Tighten Lending Rules Further

Wednesday, 28 Jul 2010 11:44 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Banks expect to continue to tighten their credit rules on loans to firms in the third quarter, the European Central Bank said on Wednesday.

In its latest quarterly Bank Lending Survey, the ECB said the sovereign debt crisis made it more difficult to get funds in the markets.

"In the second quarter of 2010, negative spillover effects from the sovereign debt crisis appear to have worsened banks' ability to obtain funding," the survey said.

"Hence, banks reported that access to wholesale funding became more difficult compared with the first quarter."

Over the next three months, banks expect that the difficulties in wholesale funding will remain, but to lesser degree than in April-June, it added.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved