MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Credit standards tighten on business loans
Uncategorized
Apr 25, 2012 - 15:49

Credit standards tighten on business loans

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Credit standards tighten on business loans

The latest survey on lending from the Central Bank reveals that credit standards tightened on business loans.

This was the first change recorded since the first quarter of 2010.

The survey also showed that demand from businesses for loans declined again in the first quarter of 2012.

On mortgage lending, the survey also shows that credit standards were tightened while demand for home loans fell in the first quarter of the year.

Advertisement

However, the Central Bank said that credit standards and loan demand were unchanged in respect of consumer credit and credit lending.

The bank said that increased levels of risk perception and lower expectations for economic activity were impacting credit standards, while an increase in the cost of funding and balance sheet restraints were also reported.

The Central Bank predicted that credit standards will continue to tighten on mortgages in the second quarter of this year, while they will remain unchanged in respect of consumer credit and other lending. It also predicts that loan demand from businesses will fall while credit standards will not change.

The survey covers five financial institutions in Ireland and is included in a euro wide survey, which covers over 100 banks. The Central Bank says the survey provides information on the willingness of banks to lend, changes in their credit standards and terms and conditions applied to loans and lines of credit.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • balance sheet
  • business loans
  • Central Bank
  • consumer credit
  • credit lending
  • credit standards
  • economic activity
  • loan demand
  • mortgage lending
  • risk perception
  • survey
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement