October 2021 Bank Lending Survey in Spain

Abstract

According to the Bank Lending Survey, during 2021 Q3 credit standards held stable or tightened slightly, depending on the segment, in both Spain and the euro area. Terms and conditions on new loans appear to have eased slightly in Spain in the two household lending segments, whereas in the euro area they seem to have tightened in loans for house purchase, with no significant changes in the other categories. Loan applications are reported to have increased moderately in the two areas, across almost all segments, in keeping with the recovery in economic activity. Banks in both areas consider that non-standard monetary policy measures were generally conducive to some expansion in the supply of credit and to an increase in the volume of new lending.