Credit Standards Eased: Bankers Expect Increase in Demand for Loans

Increase in Demand for Consumer Loans Expected

In April-June, financial institutions expect an increase in demand for consumer loans from the population. For the fifth quarter in a row, banks are loosening their lending standards for consumer loans. «Increased competition from other financial institutions and a decrease in the cost of resources have influenced the relaxation of credit standards for the population,» the report said.

Survey Results on Credit Standards

This was revealed during a survey conducted from March 18 to April 8, 2024, among credit managers of banks. 26 financial institutions, accounting for 96% of the total assets of the banking system, participated in the survey. The survey results reflect the opinions of the respondents and are not evaluations or forecasts of the National Bank.