“Credit standards have eased in the second quarter for both mortgage and consumer loans and banks anticipate this tendency to continue trough the third quarter, especially in the case of mortgage loans,” the central bank said in its quarterly lending survey.
It said household demand for consumer loans has increased in the second quarter, but mortgage loans activity declined slightly from a quarter earlier, contrary to bankers’ estimations.
In the corporate sector, the polled lenders said loan demand remained in positive territory for the third straight quarter in April to June, with a focus on short-term loans. Bankers don’t expect any significant changes for the third quarter, the survey noted.
The central bank’s quarterly lending survey polls the top ten Romanian banks by market share for corporate and household loans.