Some 18 percent of surveyed senior banking executives said that lending conditions for businesses would be loosened in the following six months, while nine percent of banks intended to tighten them.
"The surveys show that credit institutions are inclined to ease lending conditions, but companies do not rush to take on liabilities. Most of them say that they will not apply for a loan in the near future, because they see no need for that, they have internal resources or think that borrowing is too expensive," Virgilijus Rutkauskas, senior economist at the Financial Stability Unit of the Bank of Lithuania's Economics Department, said in a press release.
The percentage of companies planning to use credit institutions' services in the near term dropped to 32 percent in the latest survey, from 38.6 percent six months ago. Trade companies were most optimistic about possibilities for new borrowing and loan standards, while construction and service companies found that they had worsened.
The central bank polled senior executives of seven commercial banks and four foreign bank branches, while Spinter Tyrimai polled the CEOs or CFOs of 500 non-financial companies.
2012-05-07 18:09
Lithuanian banks expect to lend more while firms hope to do without loans
Lithuanian banks plan to ease some of their lending conditions for businesses, but most companies hope to continue to fund their businesses development without bank loans, the central bank said on Monday, citing surveys of non-financial companies and commercial banks.
Studentai linkę pamiršti, kad mokamų palūkanų suma laikui bėgant keičiasi. / Tomo Urbelionio/BFL nuotr.
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