Loan Officers Survey Points to Tighter Corporate Credit Conditions
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About 71% of Hungarian banks expect to tighten conditions for corporate credit in Q4 2022 and Q1 2023, the latest survey of loan officers by the National Bank of Hungary (MNB) shows.
Net 29% of banks tightened their corporate lending conditions already in Q3, the survey shows.
Looking ahead, 48% of banks expect a decline in demand for corporate credit, with 85% auguring weaker demand for long-term loans, but 29% projecting an increase in demand for short-term loans.
The survey suggests 62% of banks will tighten conditions for loans for residential real estate projects, while 72% tighten credit conditions for shopping centers. Just under half expect to tighten credit conditions for office developments.
Three-quarters of banks expect demand for commercial real estate loans to drop and 84% augur the same for residential project loans.
About 72% of banks expect to tighten conditions further for consumer loans. Net 87% expect a drop in demand for consumer credit, although just 29% reported a drop in demand in Q3.
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