ECB lending: Corporate and household demand seen rising further in Q3

Latest European Central Bank (ECB) lending survey now published this Tuesday comes with some optimistic news on the credit demand, despite Brexit.

Key Findings:

No negative shock seen from Brexit on credit supply or demand

Sees unchanged corp lending standards in Q3, slight easing for households

Bank margins narrowed in Q2 for housing loans, average for corp loans

More banks reporting that TLTROs are making a positive contribution to their own profitability

M&A activity played an important role in contributing to demand for loans to enterprises