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dc.contributor.authorÁlvarez Román, Laura
dc.contributor.authorAlves Álvarez, Pana Alejandro
dc.contributor.authorDelgado Rodríguez, Francisco Javier
dc.coverage.spatialEspaña
dc.date.accessioned2022-07-28T19:03:21Z
dc.date.available2022-07-28T19:03:21Z
dc.date.issued2022-07-26
dc.identifier.urihttps://repositorio.bde.es/handle/123456789/22802
dc.descriptionArtículo de revista
dc.description.abstractIn 2022 to date there has been a tightening of financing conditions for firms and households, with a strong rise in the cost of corporate debt issuance and a contraction in the supply of loans. However, the pass-through of market interest rates to bank lending interest rates appears to be somewhat slower than in other historical bouts of interest rate hikes. Against this backdrop, the flow of new funding raised by households and firms and their outstanding debt have increased moderately or remained stable. Lending by deposit institutions (DIs) for non-financial business activities declined in 2022 Q1, more than offsetting the increase in the balance of loans for house purchase, while in April and May their joint performance was moderately expansionary. Since early 2022 and despite the worsening of the macro-financial environment, the credit quality of the DIs’ portfolio has continued to improve in general, except in the case of financing allocated to the sectors most affected by the pandemic, as well as in Official Credit Institute (ICO)-backed loans as a whole. The materialisation of adverse macro-financial scenarios might lead to less buoyancy in the volume of bank lending and the deterioration of its quality in the coming quarters.
dc.format.extent17 p.
dc.language.isoeng
dc.publisherBanco de España
dc.relation.ispartofEconomic bulletin / Banco de España. Analytical articles
dc.relation.ispartofEconomic bulletin / Banco de España [Artículos], n. 3, 2022
dc.relation.hasversionVersión en español 123456789/22762
dc.rightsReconocimiento-NoComercial-CompartirIgual 4.0 Internacional (CC BY-NC-SA 4.0)
dc.rightsIn Copyright - Non Commercial Use Permitted
dc.rights.urihttps://creativecommons.org/licenses/by-nc-sa/4.0/deed.es_ES
dc.rights.urihttp://rightsstatements.org/vocab/InC-NC/1.0/
dc.subjectFinancing
dc.subjectCredit
dc.subjectHouseholds
dc.subjectNon-financial corporations
dc.subjectDeposit institutions
dc.subjectCredit portfolios
dc.subjectNon-performance
dc.subjectStage 2 loans
dc.subjectMonetary policy transmission
dc.subjectMonetary policy
dc.subjectFinancial analysis
dc.titleRecent developments in financing and bank lending to the non-financial private sector: first half of 2022
dc.typeArtículo
dc.identifier.bdebib000473183
dc.identifier.bdepubECBU-2022-3B-art20
dc.subject.bdeOferta de dinero y de crédito
dc.subject.bdeCréditos
dc.subject.bdeInstituciones crediticias de depósito
dc.subject.bdeFinanciación de la empresa
dc.publisher.bdeMadrid : Banco de España, 2022
dc.subject.jelE44
dc.subject.jelE51
dc.subject.jelG21
dc.subject.jelG23
dc.subject.jelG28
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