04/11/2024 | Press release | Distributed by Public on 04/11/2024 02:47
As part of our mission to maintain monetary and financial stability, we need to understand trends and developments in credit conditions. This quarterly survey of bank and building society lenders is an input to this work. The survey covers:
This report presents the results of the 2024 Q1 survey. Lenders were asked to report changes in the three months to end-February 2024 (Q1), relative to the period between September and November, and expected changes in the three months to end-May 2024 (Q2), relative to the period between December and February. The survey was conducted between 26 February and 15 March 2024. Any impact on lenders' expectations from developments occurring within this period may not be fully captured in the survey's expected changes balances and any impact from more recent developments will not be captured at all.
The results are based on lenders' own responses to the survey and are reported as net percentage balances. The results do not necessarily reflect our views on credit conditions. You can read a full guide to interpreting the survey and copies of the questionnaires at the end of this page.
You can also read more background information on the survey in the 2007 Q3 Quarterly Bulletin article The Bank of England Credit Conditions Survey.
The 2024 Q2 Credit Conditions Survey will be published on 4 July 2024.
This report presents the results of the 2024 Q1 survey. It was conducted between 26 February and 15 March 2024. The results are based on lenders' own responses to the survey. They do not necessarily reflect our views on credit conditions. To calculate aggregate results, each lender is assigned a score based on their response. Lenders who report that credit conditions have changed 'a lot' are assigned twice the score of those who report that conditions have changed 'a little'. These scores are then weighted by lenders' market shares. The results are analysed by calculating 'net percentage balances'. The net percentage balances are scaled to lie between (+/-)100.
In this report, changes in balances are described as an 'increase' if greater than 10 in absolute terms, as 'slight' if between 5 and 10 and as 'unchanged' if less than 5.
To calculate aggregate results, each lender is assigned a score based on their response. Lenders who report that credit conditions have changed 'a lot' are assigned twice the score of those who report that conditions have changed 'a little'. These scores are then weighted by lenders' market shares. The results are analysed by calculating 'net percentage balances' - the difference between the weighted balance of lenders reporting that, for example, demand was higher/lower or terms and conditions were tighter/looser. The net percentage balances are scaled to lie between ±100. This annex reports the net percentage balance of respondents for each question in the secured lending questionnaire.
Positive balances indicate that lenders, on balance, reported/expected demand/credit availability/defaults to be higher than over the previous/current three-month period, or that the terms and conditions on which credit was provided became cheaper or looser respectively.
Where the survey balances are discussed, descriptions of an 'increase' refer to a net percentage balance greater than 10 in absolute terms, and a 'slight' change refers to a net percentage balance of between 5 and 10 in absolute terms. Survey balances between 0 and 5 in absolute terms are described as unchanged. (The 2019 Q2 and earlier reports also described changes greater than 20 in absolute terms as 'significant').
The first Credit Conditions Survey was conducted in 2007 Q2 and additional questions have been included since 2007 Q4. A full set of results is available in Excel file at the end of this page.
Net percentage balances (a) |
|||||||
2023 |
2024 |
||||||
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
||
How has the availability of secured credit provided to households changed? |
Past three months |
-33.6 |
4.7 |
-31.4 |
-20.2 |
10.4 |
18.4 |
Next three months |
-24.1 |
-20.2 |
-18.8 |
-5.8 |
2.4 |
19.0 |
|
Factors contributing to changes in credit availability: (b) |
|||||||
changing economic outlook |
Past three months |
-44.8 |
-14.2 |
-26.3 |
-10.6 |
2.8 |
3.3 |
Next three months |
-55.1 |
-19.7 |
-10.8 |
-16.4 |
-3.1 |
9.4 |
|
market share objectives |
Past three months |
2.8 |
-1.6 |
0.0 |
-7.0 |
-5.0 |
3.9 |
Next three months |
-1.3 |
-11.0 |
5.4 |
10.6 |
0.4 |
5.6 |
|
changing appetite for risk |
Past three months |
-15.1 |
-6.5 |
0.0 |
0.0 |
5.6 |
1.8 |
Next three months |
-27.6 |
-14.3 |
1.2 |
0.9 |
-2.8 |
3.3 |
|
tight wholesale funding conditions |
Past three months |
-35.8 |
-25.2 |
-18.5 |
-15.7 |
12.3 |
9.6 |
Next three months |
4.3 |
-8.8 |
-15.8 |
-13.8 |
11.5 |
13.0 |
|
expectations for house prices |
Past three months |
-15.4 |
-24.0 |
-5.6 |
-15.1 |
-7.7 |
3.7 |
Next three months |
-42.3 |
-13.7 |
-9.9 |
-19.7 |
-5.6 |
3.2 |
|
How has the availability of household secured credit to the following types of borrower changed? |
|||||||
Borrowers with low loan to value ratios (75% or less) |
Past three months |
-30.7 |
3.2 |
-30.4 |
-18.3 |
7.2 |
11.7 |
Next three months |
-24.9 |
-5.6 |
-15.4 |
-5.0 |
10.1 |
11.7 |
|
Borrowers with high loan to value ratios (more than 75%) |
Past three months |
-45.4 |
0.3 |
-29.8 |
-29.7 |
5.8 |
9.8 |
Next three months |
-37.3 |
-28.9 |
-11.1 |
15.8 |
2.4 |
29.3 |
|
Have you become more willing to lend to borrowers with housing equity less than 10% of the value of their home? |
Past three months |
-16.5 |
-7.4 |
7.4 |
-6.9 |
15.9 |
5.9 |
Next three months |
-31.1 |
-3.0 |
-0.3 |
11.4 |
1.2 |
11.2 |
|
How have credit scoring criteria for granting loan applications by households changed? |
Past three months |
-32.4 |
-14.2 |
-8.7 |
-24.9 |
-8.4 |
21.1 |
Next three months |
-24.7 |
-13.9 |
-15.2 |
-27.9 |
8.6 |
18.9 |
|
How has the proportion of household loan applications being approved changed? |
Past three months |
-26.0 |
2.2 |
14.9 |
-30.2 |
2.9 |
14.8 |
Next three months |
-17.1 |
5.5 |
7.4 |
-7.4 |
1.8 |
9.2 |
|
How has the average credit quality of new secured lending to households changed? |
Past three months |
-18.9 |
14.6 |
-3.1 |
8.8 |
0.5 |
4.8 |
Next three months |
0.4 |
-8.4 |
-0.5 |
5.8 |
0.0 |
2.1 |
|
How has the default rate on secured loans to households changed? |
Past three months |
-1.4 |
14.0 |
30.9 |
43.3 |
23.6 |
26.1 |
Next three months |
44.3 |
36.1 |
41.2 |
47.4 |
39.7 |
34.2 |
|
How have losses given default on secured loans to households changed? |
Past three months |
3.1 |
12.6 |
8.3 |
8.5 |
25.2 |
-10.2 |
Next three months |
24.6 |
19.1 |
28.0 |
24.2 |
29.1 |
11.0 |
|
How has demand for secured lending for house purchase from households changed? |
Past three months |
-75.4 |
-30.8 |
52.7 |
-54.9 |
-31.6 |
35.9 |
Next three months |
-14.5 |
35.3 |
-30.1 |
-28.4 |
21.9 |
23.2 |
|
of which: demand for prime lending |
Past three months |
-67.7 |
-30.8 |
53.6 |
-54.0 |
-31.6 |
30.0 |
Next three months |
-14.5 |
35.3 |
-30.1 |
-27.1 |
19.2 |
23.2 |
|
of which: demand for buy-to-let lending |
Past three months |
-62.5 |
-43.4 |
33.3 |
5.3 |
-38.9 |
27.1 |
Next three months |
1.9 |
36.7 |
-26.2 |
-35.9 |
10.6 |
9.9 |
|
How has demand for secured lending for remortgaging from households changed? |
Past three months |
-17.4 |
-38.6 |
51.3 |
-22.8 |
-27.7 |
52.8 |
Next three months |
5.6 |
48.8 |
-17.5 |
-11.7 |
14.1 |
10.6 |
|
How have overall secured lending spreads changed? |
Past three months |
-19.0 |
26.5 |
63.9 |
43.4 |
-27.6 |
4.8 |
Next three months |
-8.4 |
23.9 |
-20.4 |
-26.6 |
18.5 |
1.4 |
|
of which: spreads on prime lending |
Past three months |
-44.5 |
7.8 |
55.4 |
30.3 |
-22.4 |
-5.4 |
Next three months |
12.0 |
14.5 |
-13.4 |
-21.2 |
7.5 |
1.7 |
|
of which: spreads on buy-to-let lending |
Past three months |
-15.9 |
5.8 |
58.6 |
39.2 |
-23.6 |
6.3 |
Next three months |
7.4 |
13.8 |
-20.4 |
-16.9 |
14.1 |
2.1 |
|
How have fees on secured lending changed? |
Past three months |
0.0 |
4.1 |
4.2 |
0.0 |
-1.0 |
0.0 |
Next three months |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
-6.6 |
|
How have maximum loan to value ratios changed? |
Past three months |
2.7 |
-14.4 |
-7.7 |
2.0 |
3.9 |
1.7 |
Next three months |
-26.4 |
-9.4 |
1.2 |
0.0 |
0.0 |
3.9 |
|
How have maximum loan to income ratios changed? |
Past three months |
-0.9 |
0.9 |
0.0 |
-3.1 |
10.2 |
1.7 |
Next three months |
-1.8 |
-1.6 |
1.2 |
9.5 |
1.8 |
1.7 |
The methodology for calculating, and interpretation of the aggregate results are as described in Annex 1. A full set of results is available in Excel file at the end of this page.
Net percentage balances (a) |
|||||||
2023 |
2024 |
||||||
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
||
How has the availability of unsecured credit provided to households changed? |
Past three months |
-36.2 |
-39.8 |
1.6 |
-11.4 |
-4.2 |
4.8 |
Next three months |
-50.2 |
6.2 |
-6.9 |
-0.4 |
6.6 |
4.7 |
|
Factors contributing to changes in credit availability: (b) |
|||||||
changing economic outlook |
Past three months |
-19.0 |
-12.5 |
1.2 |
14.6 |
4.5 |
9.5 |
Next three months |
-37.6 |
13.6 |
8.2 |
8.6 |
7.8 |
1.6 |
|
market share objectives |
Past three months |
-0.4 |
0.3 |
5.3 |
-7.8 |
0.4 |
1.9 |
Next three months |
-0.4 |
7.7 |
-5.1 |
3.3 |
3.3 |
1.7 |
|
changing appetite for risk |
Past three months |
-3.8 |
-17.5 |
-2.2 |
-1.6 |
-3.5 |
-2.3 |
Next three months |
-12.8 |
0.7 |
11.1 |
1.5 |
-0.9 |
0.7 |
|
changing cost/availability of funds |
Past three months |
-16.3 |
-11.0 |
-6.2 |
-12.1 |
-16.0 |
-8.1 |
Next three months |
0.6 |
4.1 |
-7.8 |
-0.1 |
1.6 |
-6.1 |
|
How have credit scoring criteria for granting credit card loan applications by households changed? |
Past three months |
-20.9 |
-23.6 |
15.1 |
12.1 |
-10.4 |
-5.6 |
Next three months |
-34.2 |
5.6 |
6.1 |
-3.0 |
-2.3 |
10.3 |
|
How have credit scoring criteria for granting other unsecured loan applications by households changed? |
Past three months |
-22.3 |
-30.1 |
-11.3 |
-12.7 |
-14.8 |
-22.1 |
Next three months |
-27.6 |
-6.4 |
7.2 |
-10.3 |
-0.4 |
6.0 |
|
How have credit scoring criteria for granting total unsecured loan applications by households changed? |
Past three months |
-21.1 |
-24.5 |
11.4 |
8.7 |
-11.0 |
-7.9 |
Next three months |
-33.3 |
4.0 |
6.3 |
-4.0 |
-2.0 |
9.7 |
|
How has the proportion of credit card loan applications from households being approved changed? |
Past three months |
17.3 |
-33.6 |
22.4 |
4.7 |
-1.6 |
-2.7 |
Next three months |
-44.2 |
12.2 |
17.0 |
8.7 |
3.4 |
10.3 |
|
How has the proportion of other unsecured loan applications from households being approved changed? |
Past three months |
-17.1 |
-14.7 |
-6.8 |
-15.4 |
-0.3 |
-10.6 |
Next three months |
-25.1 |
4.9 |
0.5 |
-9.2 |
15.3 |
18.3 |
|
How has the proportion of total unsecured loan applications from households being approved changed? |
Past three months |
12.4 |
-30.9 |
18.3 |
2.0 |
-1.4 |
-3.8 |
Next three months |
-41.5 |
11.2 |
14.7 |
6.2 |
5.0 |
11.4 |
|
How has the average credit quality of new credit card lending to households changed? (c) |
Past three months |
-4.6 |
-5.2 |
6.8 |
1.2 |
14.5 |
20.4 |
Next three months |
-13.3 |
14.6 |
13.9 |
7.8 |
20.5 |
14.3 |
|
How has the average credit quality of new other unsecured lending to households changed? (c) |
Past three months |
-9.0 |
12.7 |
10.8 |
-6.9 |
-2.0 |
18.9 |
Next three months |
-16.0 |
4.0 |
4.1 |
-1.9 |
-10.6 |
5.7 |
|
How has the average credit quality of new total unsecured lending to households changed? (c) |
Past three months |
-5.2 |
-2.7 |
7.4 |
0.1 |
12.3 |
20.2 |
Next three months |
-13.7 |
13.1 |
12.5 |
6.5 |
16.5 |
13.1 |
|
How has the default rate on credit card loans to households changed? |
Past three months |
20.3 |
27.2 |
-1.5 |
-7.6 |
25.7 |
18.5 |
Next three months |
29.2 |
32.8 |
4.8 |
28.6 |
33.7 |
23.4 |
|
How has the default rate on other unsecured loans to households changed? |
Past three months |
17.0 |
15.8 |
11.2 |
22.6 |
8.8 |
12.1 |
Next three months |
37.3 |
19.0 |
19.2 |
23.7 |
18.4 |
25.3 |
|
How has the default rate on total unsecured loans to households changed? |
Past three months |
19.9 |
25.6 |
0.2 |
-3.5 |
23.5 |
17.6 |
Next three months |
30.3 |
30.9 |
6.8 |
27.9 |
31.7 |
23.7 |
|
How have losses given default on credit card loans to households changed? |
Past three months |
0.0 |
13.6 |
1.5 |
1.5 |
1.5 |
-5.2 |
Next three months |
6.2 |
0.0 |
-4.3 |
1.5 |
-4.3 |
6.2 |
|
How have losses given default on other unsecured loans to households changed? |
Past three months |
2.7 |
1.8 |
1.2 |
7.5 |
0.0 |
0.0 |
Next three months |
-9.1 |
0.0 |
0.0 |
0.0 |
2.7 |
3.2 |
|
How have losses given default on total unsecured loans to households changed? |
Past three months |
0.4 |
12.0 |
1.5 |
2.3 |
1.3 |
-4.5 |
Next three months |
4.0 |
0.0 |
-3.7 |
1.3 |
-3.4 |
5.8 |
|
How has demand for credit card lending from households changed? |
Past three months |
-19.3 |
-8.9 |
24.8 |
9.8 |
-23.1 |
38.6 |
Next three months |
-7.2 |
6.8 |
10.6 |
16.2 |
35.5 |
20.5 |
|
How has demand for other unsecured lending from households changed? |
Past three months |
-43.8 |
6.2 |
33.5 |
-0.3 |
-28.1 |
-2.4 |
Next three months |
-18.4 |
11.8 |
3.9 |
15.6 |
-0.4 |
28.6 |
|
How has demand for total unsecured lending from households changed? |
Past three months |
-22.8 |
-6.8 |
26.0 |
8.4 |
-23.7 |
32.8 |
Next three months |
-8.8 |
7.5 |
9.6 |
16.1 |
30.8 |
21.6 |
|
How have spreads on credit cards changed? |
Past three months |
12.3 |
12.8 |
0.9 |
4.3 |
-10.1 |
3.9 |
Next three months |
5.1 |
15.1 |
4.2 |
-2.6 |
-1.8 |
-4.3 |
|
How have spreads on other unsecured lending products changed? |
Past three months |
31.4 |
-3.7 |
8.2 |
29.2 |
4.1 |
-1.8 |
Next three months |
2.8 |
21.1 |
17.9 |
4.0 |
-3.8 |
9.8 |
|
How have overall unsecured lending spreads changed? |
Past three months |
15.0 |
10.7 |
1.8 |
7.3 |
-8.4 |
3.2 |
Next three months |
4.8 |
15.9 |
6.0 |
-1.8 |
-2.1 |
-2.5 |
|
How have credit card limits changed? |
Past three months |
12.2 |
-1.1 |
5.8 |
8.4 |
25.3 |
10.3 |
Next three months |
-21.2 |
8.1 |
-10.7 |
-1.5 |
-4.7 |
-5.4 |
|
How has the minimum proportion of credit card balances to be paid changed? |
Past three months |
10.5 |
4.4 |
-3.0 |
-1.5 |
-0.6 |
-1.4 |
Next three months |
1.5 |
1.5 |
0.0 |
-1.5 |
-1.5 |
-1.4 |
|
How have the following terms on new credit card lending to households changed? |
|||||||
Length of interest free period on balance transfers |
Past three months |
-22.2 |
-25.7 |
-0.6 |
-28.4 |
-14.7 |
-13.5 |
Next three months |
-20.3 |
-25.7 |
-13.7 |
-23.7 |
-3.5 |
-1.6 |
|
Length of interest free period for purchases |
Past three months |
-20.9 |
-34.3 |
-9.3 |
-25.5 |
-7.4 |
7.7 |
Next three months |
-19.1 |
-25.7 |
-15.2 |
-15.3 |
6.0 |
1.5 |
|
How have maximum maturities on loans changed? (d) |
Past three months |
0.0 |
0.0 |
0.0 |
4.4 |
0.0 |
13.3 |
Next three months |
-5.7 |
0.0 |
17.4 |
0.0 |
0.0 |
0.0 |
The methodology for calculating, and interpretation of the aggregate results are as described in Annex 1. A full set of results is available in Excel file at the end of this page.
Net percentage balances (a) |
|||||||
2023 |
2024 |
||||||
Q4 |
Q1 |
Q2 |
Q3 |
Q4 |
Q1 |
||
How has the availability of credit provided to the corporate sector overall changed? |
Past three months |
-0.7 |
0.1 |
-4.8 |
-0.8 |
7.5 |
2.6 |
Next three months |
-5.0 |
-2.6 |
-0.8 |
2.2 |
6.0 |
8.5 |
|
of which: commercial real estate sector |
Past three months |
-6.2 |
-1.7 |
-10.2 |
-14.9 |
-9.5 |
4.9 |
Next three months |
-7.4 |
-6.4 |
-8.5 |
-10.7 |
-11.0 |
6.6 |
|
How have commercial property prices affected credit availability to the commercial real estate sector, and/or secured lending to PNFCs? |
Past three months |
-29.6 |
-28.0 |
-29.1 |
-25.9 |
-28.5 |
-29.3 |
Next three months |
-28.6 |
-10.5 |
-14.3 |
-13.1 |
-15.8 |
-17.2 |
|
Factors contributing to changes in credit availability: (b) |
|||||||
changing economic outlook |
Past three months |
1.7 |
2.2 |
4.3 |
4.5 |
6.9 |
5.8 |
Next three months |
2.7 |
-7.9 |
4.8 |
4.1 |
12.4 |
6.8 |
|
changing sector-specific risks |
Past three months |
-8.3 |
5.8 |
7.9 |
0.8 |
4.1 |
0.9 |
Next three months |
2.4 |
-1.2 |
11.0 |
-0.1 |
0.5 |
2.5 |
|
market share objectives |
Past three months |
0.0 |
0.0 |
0.0 |
0.0 |
5.8 |
0.7 |
Next three months |
0.0 |
-2.3 |
0.0 |
0.9 |
6.8 |
8.9 |
|
market pressures from capital markets |
Past three months |
-1.6 |
0.0 |
0.0 |
0.9 |
0.0 |
1.6 |
Next three months |
-1.6 |
-1.8 |
0.0 |
0.8 |
0.0 |
0.7 |
|
changing appetite for risk |
Past three months |
1.5 |
1.5 |
-1.0 |
2.4 |
5.6 |
3.7 |
Next three months |
-2.8 |
-4.4 |
0.7 |
3.1 |
9.4 |
1.9 |
|
tight wholesale funding conditions |
Past three months |
0.0 |
-6.7 |
-5.9 |
0.0 |
0.0 |
0.7 |
Next three months |
0.0 |
2.9 |
-2.1 |
-2.1 |
0.0 |
0.7 |
|
How has the availability of credit provided to small businesses changed? |
Past three months |
-3.1 |
-0.9 |
5.3 |
9.6 |
12.7 |
26.2 |
Next three months |
-5.5 |
7.5 |
10.6 |
3.3 |
9.0 |
14.0 |
|
How has the availability of credit provided to medium PNFCs changed? |
Past three months |
-12.0 |
-0.8 |
-4.6 |
-0.8 |
2.8 |
4.1 |
Next three months |
-4.8 |
-2.7 |
0.0 |
3.7 |
5.0 |
11.1 |
|
How has the availability of credit provided to large PNFCs changed? |
Past three months |
-1.8 |
-0.7 |
-1.6 |
0.9 |
4.9 |
5.7 |
Next three months |
-0.9 |
-0.1 |
-0.9 |
1.7 |
5.4 |
13.9 |
|
How has the proportion of loan applications from small businesses being approved changed? |
Past three months |
-15.3 |
-12.0 |
11.1 |
7.3 |
8.4 |
21.4 |
Next three months |
-9.1 |
7.5 |
8.2 |
4.3 |
13.3 |
11.5 |
|
How has the proportion of loan applications from medium PNFCs being approved changed? |
Past three months |
-3.8 |
-1.1 |
9.2 |
-0.7 |
-1.1 |
-1.9 |
Next three months |
-16.7 |
-0.5 |
0.0 |
3.5 |
2.1 |
1.9 |
|
How has the proportion of loan applications from large PNFCs being approved changed? |
Past three months |
-2.5 |
-0.8 |
-1.6 |
-1.8 |
-2.0 |
-3.7 |
Next three months |
-2.5 |
0.8 |
-0.9 |
0.0 |
-1.2 |
0.8 |
|
Has there been a change in average credit quality on newly arranged PNFC borrowing facilities? (c) |
Past three months |
-3.1 |
-1.0 |
4.0 |
1.2 |
-1.9 |
1.3 |
Next three months |
-2.2 |
1.0 |
1.5 |
2.0 |
-1.2 |
-1.1 |
|
Has there been any change in 'target hold' levels associated with corporate lending? |
Past three months |
5.3 |
0.0 |
-0.7 |
0.0 |
0.0 |
0.0 |
Next three months |
6.2 |
-2.6 |
2.0 |
0.0 |
-5.7 |
-6.7 |
|
How have loan tenors on new corporate loans changed? (d) |
Past three months |
-6.0 |
1.0 |
0.0 |
0.0 |
1.2 |
2.8 |
Next three months |
-5.0 |
0.1 |
-0.9 |
-0.9 |
1.2 |
0.0 |
|
Has there been a change in draw-downs on committed lines by PNFCs? |
Past three months |
1.6 |
10.2 |
0.7 |
-7.6 |
-5.5 |
0.7 |
Next three months |
-1.1 |
0.1 |
-3.5 |
-2.4 |
1.3 |
0.7 |
|
How has the default rate on loans to small businesses changed? |
Past three months |
11.2 |
11.6 |
-3.9 |
-15.6 |
4.7 |
5.0 |
Next three months |
33.9 |
21.2 |
19.3 |
10.6 |
9.1 |
7.9 |
|
How has the default rate on loans to medium PNFCs changed? |
Past three months |
7.9 |
12.9 |
3.9 |
1.3 |
2.7 |
9.3 |
Next three months |
17.1 |
19.5 |
3.2 |
5.1 |
7.8 |
15.6 |
|
How has the default rate on loans to large PNFCs changed? |
Past three months |
-1.0 |
0.7 |
-0.9 |
1.6 |
3.4 |
1.0 |
Next three months |
18.0 |
2.8 |
2.6 |
0.0 |
4.1 |
3.4 |
|
How has loss given default on loans to small businesses changed? |
Past three months |
1.4 |
2.3 |
0.0 |
0.9 |
4.4 |
0.0 |
Next three months |
2.1 |
2.3 |
0.0 |
0.9 |
1.5 |
4.1 |
|
How has loss given default on loans to medium PNFCs changed? |
Past three months |
1.2 |
8.0 |
4.0 |
0.8 |
3.8 |
0.0 |
Next three months |
6.0 |
6.0 |
0.0 |
0.0 |
1.3 |
2.9 |
|
How has loss given default on loans to large PNFCs changed? |
Past three months |
0.0 |
5.6 |
0.0 |
0.0 |
3.6 |
0.9 |
Next three months |
0.2 |
0.0 |
0.0 |
0.0 |
1.2 |
2.7 |
|
How has demand for credit card lending from small businesses changed? |
Past three months |
0.0 |
-11.9 |
-12.2 |
12.6 |
12.8 |
2.1 |
Next three months |
0.0 |
0.0 |
0.0 |
0.0 |
0.0 |
10.7 |
|
How has demand for other unsecured lending from small businesses changed? |
Past three months |
-11.7 |
28.5 |
0.0 |
-4.4 |
-24.9 |
10.5 |
Next three months |
-12.8 |
-14.3 |
15.2 |
4.4 |
15.6 |
18.7 |
|
How has demand for total unsecured lending from small businesses changed? |
Past three months |
-1.8 |
-5.9 |
-10.5 |
10.1 |
7.5 |
3.4 |
Next three months |
-1.9 |
-2.1 |
2.2 |
0.6 |
2.2 |
11.9 |
|
How has demand for secured lending from small businesses changed? |
Past three months |
-14.2 |
-30.5 |
7.5 |
-6.8 |
-10.5 |
-16.0 |
Next three months |
-21.6 |
7.6 |
-12.6 |
3.4 |
-28.9 |
16.0 |
|
How has overall demand for lending from small businesses changed? |
Past three months |
-17.1 |
-9.6 |
5.5 |
-0.1 |
-23.9 |
-2.6 |
Next three months |
-3.5 |
-1.0 |
-3.8 |
-9.3 |
-1.6 |
-1.6 |
|
How has demand for lending from medium PNFCs changed? |
Past three months |
-12.9 |
-32.5 |
2.9 |
-8.0 |
-4.1 |
6.3 |
Next three months |
-19.5 |
-3.9 |
-4.1 |
-7.1 |
3.4 |
1.4 |
|
How has demand for lending from large PNFCs changed? |
Past three months |
-0.6 |
-9.6 |
-9.4 |
-14.0 |
-8.4 |
5.8 |
Next three months |
-17.6 |
-4.0 |
-4.0 |
-4.7 |
9.5 |
4.7 |
|
How has demand for lending from OFCs changed? |
Past three months |
7.0 |
6.3 |
-1.9 |
2.5 |
1.9 |
1.2 |
Next three months |
5.2 |
3.2 |
0.0 |
0.0 |
7.0 |
1.2 |
|
What have been the main factors contributing to changes in demand for lending: (b) |
|||||||
mergers and acquisitions |
Past three months |
-17.9 |
-8.9 |
-24.3 |
-7.6 |
-3.3 |
14.5 |
Next three months |
-6.6 |
-2.8 |
-10.2 |
1.1 |
6.8 |
8.9 |
|
capital investment |
Past three months |
-13.4 |
-6.4 |
-8.5 |
-5.4 |
-4.5 |
5.6 |
Next three months |
-14.9 |
1.0 |
-6.9 |
-2.5 |
10.9 |
1.4 |
|
inventory finance |
Past three months |
24.8 |
-2.9 |
-0.7 |
-14.8 |
9.8 |
-1.8 |
Next three months |
18.4 |
1.8 |
-3.8 |
-1.7 |
7.9 |
9.7 |
|
balance sheet restructuring |
Past three months |
-0.8 |
-1.0 |
-6.6 |
-3.1 |
0.3 |
-3.8 |
Next three months |
-1.7 |
3.0 |
-4.4 |
2.6 |
0.9 |
-2.0 |
|
commercial real estate |
Past three months |
-34.1 |
-17.3 |
-30.3 |
-39.2 |
-14.6 |
-3.5 |
Next three months |
-33.3 |
1.3 |
-21.3 |
-22.2 |
5.7 |
9.4 |
|
How have spreads on loans to small businesses changed? (c) |
Past three months |
-12.1 |
-4.6 |
10.6 |
12.0 |
0.0 |
-8.6 |
Next three months |
0.0 |
8.4 |
10.6 |
-1.5 |
0.0 |
0.0 |
|
How have fees/commissions on loans to small businesses changed? |
Past three months |
0.0 |
1.3 |
0.0 |
0.0 |
0.0 |
0.0 |
Next three months |
0.0 |
-1.3 |
0.0 |
0.0 |
0.0 |
0.0 |
|
How have collateral requirements for loans to small businesses changed? |
Past three months |
0.0 |
0.0 |
-4.4 |
10.5 |
4.1 |
10.2 |
Next three months |
-4.6 |
-4.5 |
10.6 |
13.5 |
10.5 |
0.0 |
|
How have maximum credit lines for small businesses changed? |
Past three months |
-0.9 |
-0.9 |
-0.9 |
0.0 |
0.0 |
0.0 |
Next three months |
-0.9 |
0.0 |
0.0 |
0.0 |
0.0 |
1.2 |
|
How have loan covenants for small businesses changed? |
Past three months |
0.2 |
4.3 |
0.0 |
0.0 |
0.0 |
0.0 |
Next three months |
0.0 |
6.7 |
0.0 |
0.0 |
0.0 |
0.0 |
|
How have spreads on loans to medium PNFCs changed? |
Past three months |
-2.3 |
5.9 |
0.0 |
2.6 |
1.0 |
13.0 |
Next three months |
0.0 |
-1.9 |
9.5 |
-0.5 |
1.0 |
0.9 |
|
How have fees/commissions on loans to medium PNFCs changed? |
Past three months |
0.0 |
1.1 |
0.0 |
0.0 |
0.0 |
0.8 |
Next three months |
0.0 |
-1.1 |
0.0 |
0.0 |
6.1 |
6.0 |
|
How have collateral requirements for loans to medium PNFCs changed? |
Past three months |
0.0 |
0.0 |
-3.7 |
0.0 |
3.4 |
0.0 |
Next three months |
-3.8 |
-3.8 |
0.0 |
3.5 |
0.0 |
0.0 |
|
How have maximum credit lines for medium PNFCs changed? |
Past three months |
-0.8 |
-0.8 |
-0.8 |
0.0 |
0.0 |
1.1 |
Next three months |
-1.6 |
0.0 |
0.0 |
0.0 |
6.1 |
1.9 |
|
How have loan covenants for medium PNFCs changed? |
Past three months |
0.1 |
1.9 |
-0.8 |
0.0 |
0.0 |
0.0 |
Next three months |
0.0 |
3.0 |
0.0 |
0.0 |
0.0 |
0.0 |
|
How have spreads on loans to large PNFCs changed? |
Past three months |
-27.8 |
-20.5 |
-10.7 |
-3.8 |
8.6 |
-2.9 |
Next three months |
-26.3 |
-5.4 |
-11.4 |
4.5 |
3.7 |
3.6 |
|
How have fees/commissions on loans to large PNFCs changed? |
Past three months |
-27.6 |
-11.0 |
-8.6 |
-2.6 |
5.8 |
1.0 |
Next three months |
-18.8 |
-0.8 |
-9.3 |
5.8 |
0.0 |
2.0 |
|
How have collateral requirements for loans to large PNFCs changed? |
Past three months |
-1.8 |
-7.6 |
0.0 |
-1.8 |
-1.8 |
-0.9 |
Next three months |
-1.8 |
-2.0 |
0.0 |
-1.8 |
0.0 |
0.0 |
|
How have maximum credit lines for large PNFCs changed? |
Past three months |
1.0 |
9.7 |
-16.4 |
-9.8 |
0.7 |
1.0 |
Next three months |
-8.8 |
0.0 |
-5.7 |
-1.0 |
-9.9 |
7.3 |
|
How have loan covenants for large PNFCs changed? |
Past three months |
-2.8 |
-3.7 |
0.0 |
-3.0 |
0.7 |
1.0 |
Next three months |
-18.8 |
2.1 |
0.0 |
-2.1 |
0.0 |
2.7 |
|
How have spreads on loans to OFCs changed? |
Past three months |
-20.6 |
-23.8 |
-20.4 |
-25.6 |
-11.8 |
-9.3 |
Next three months |
-27.5 |
-3.9 |
0.0 |
0.0 |
0.0 |
0.0 |
|
How have fees/commissions on loans to OFCs changed? |
Past three months |
-22.6 |
-21.7 |
-20.4 |
-19.5 |
-11.8 |
0.0 |
Next three months |
-22.6 |
2.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
How have collateral requirements for loans to OFCs changed? |
Past three months |
-2.0 |
-2.2 |
0.0 |
0.0 |
0.0 |
0.0 |
Next three months |
-2.0 |
-2.2 |
0.0 |
0.0 |
0.0 |
0.0 |
|
How have maximum credit lines for OFCs changed? |
Past three months |
-0.8 |
-12.7 |
-10.9 |
-10.5 |
-11.8 |
12.2 |
Next three months |
5.3 |
-2.2 |
0.0 |
0.0 |
0.0 |
1.2 |
Next publication date: 4 July 2024
ISSN 1755-8247