Credit standards tougher in Q2, expected to tighten further

EconomyMacroeconomy Tags: Banking, BoG, Loans

Credit standards for corporate loans tightened quarter on quarter (QoQ), according to the Bank of Greece (BoG) bank lending survey (BLS) for the second quarter (Q2) of 2015.

The BoG said the tightening is attributed to Greek bank liquidity conditions and difficulties in tapping money markets. Credit standards are anticipated to further tighten in Q3, BoG noted.

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