The European central Bank has just published the October 2009 Euro Area Bank Lending Survey. The report presents the results of the survey conducted from September 14 to October 2, 2009. 118 euro area banks participated in the survey, leading to a response rate of 100 percent.
The study shows that euro-zone credit strains appear to be easing, but gradually, underscoring the fragility of the region’s recovery. While banks are still being restrictive in granting loans, there are signs that their caution is starting to ease. Other positive signals in the ECB survey include the evolution of demand for home loans, which accelerated during the third quarter.
The full report is available on the web.