Credit institutions maintained lending standards for retail housing loans and land ones constant and have marginally toughened those for consumer loans in the last quarter of 2017, shows survey conducted by the National Bank of Romania (BNR) on lending to non-financial companies and population.
According to the document, at the level of non-financial companies, lending conditions were maintained at a steady level compared to the previous quarter. Banks forecast for the first quarter of 2018 the marginal tightening of lending standards for both mortgage and consumer loans. Instead, according to banks, the lending standards for non-financial companies will not change in Q1 / 2018.
The BNR survey shows that, in Q4 / 2017, loan demand declined significantly on the both segments of retail loans. In the case of non-financial companies, aggregate demand for credit continued at a constant level over the previous quarter, contrary to the banks’ initial expectations indicating an increase.
The BNR notes that the survey is conducted quarterly in January, April, July and October. It is based on a questionnaire (published within the May 2008 analysis) which is sent to the top 10 banks selected according to the market share related to crediting companies and population. These institutions hold about 80% of the lending to these sectors.