Euro Zone Firms Find It Harder to Get Credit: ECB Survey
15 Articles
15 Articles
Companies in the Eurozone are finding it increasingly difficult to secure loans from their banks, while rising fuel prices and production costs are weighing on their finances, the European Central Bank (ECB) announced today on the basis of its regular quarterly Survey on Enterprise Access to Finance (SAFE) for the third quarter.
Bank lending rates to enterprises in further tightening up, credit availability falling faster than financing needs, with an expanding 'gap'. (ANSA)
The European Central Bank's quarterly survey, published on 26 October, reports an increase in credit costs and a decrease in the availability of bank loans.The obstacles to financing now concern 7% of companies for which bank credit is relevant, compared with 5% in the previous quarter.
In the third quarter, seven percent of companies encountered obstacles in obtaining loans.
Eurozone companies faced a further rise in interest rates on bank loans and a deterioration in financing conditions in the third quarter of 2026.
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