Bankers said they expect a moderate to high contraction of mortgage lending demand.

Nevertheless, banks expect an increasing demand for such loans on the segment of companies.

In the second quarter of the year, lending demand registered a mixed evolution, according to central bank data. Thus, the demand for consumer loans rose, while the lending demand for buying homes and lands faced a significant drop. On the other hand, the demand for loans for non-financial companies remained constant.

The survey includes the top ten local lenders, which hold approximately 80% of the lending market, and is conducted by the central bank in January, April, July and October.