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ECB Says Financial Sector Regaining its Momentum

Aarti Maharaj | April 15, 2015

Eurozone banks are slowly getting back on track as the demand for loans are increasing after a decade-long halt, which questioned the financial health of many banks. The ECB’s Bank Lending Survey says that some financial institutions are now easing credit standards for loans to enterprises.

The report polled more than 140 major financial institutions, and included questions relating to the bank’s current level of credit standards and the impact of EBC policy on some of the bank’s programs.

About 39 percent of banks predict a stronger demand for loans from companies in the coming months while 29 percent are expected to see a rise in house purchases.

“There have been substantial improvements in the level of credit standards compared with banks' indications one year ago,” the ECB said in its...

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