2023-05-03 20:42:47
For several months, banks in the euro zone have tightened their conditions for granting loans to households and businesses. Ar Law Ka/ArLawKa – stock.adobe.com
The tightening of credit conditions is explained in particular by a higher perception of risk by the banks.
Rising interest rates leave their mark. For several months, banks in the euro zone have tightened their conditions for granting loans to households (mortgage and to a lesser extent consumer loans) and to companies. This movement accelerated significantly in the first quarter. “Banks have tightened corporate credit conditions at the fastest pace since the sovereign debt crisis in 2011”notes the latest ECB study on the distribution of bank credit.
In France, for example, very small businesses (TPE) have encountered more difficulties in obtaining a cash loan. “The rate of obtaining this type of credit is decreasingfinds the latest quarterly survey of the Banque de France, published on Wednesday. During the first three months of the year, 67% of VSEs obtained their credit in full or at more than 75%, compared to 75% in the fourth quarter of 2022. The situation is more comfortable for SMEs (86%…
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