Bankers were expecting a rebound of lending to the individualcustomers in the second quarter of the year, after almost two yearsof stagnation, in the context where they were anticipating both arelaxation of lending norms and higher demand from clients,according to a survey conducted by the BNR (National Bank ofRomania). But the announcement of austerity measures imposed by theGovernment discouraged clients once again and rekindled banks' riskaversion.
In the first three months of the year, banks continued totighten consumer loan terms given the negative economic forecasts,whilst home loans could be contracted under the same terms as inthe previous quarter. The survey's conclusions contradict themessages of confidence sent by bankers, with some players evenresuming promotional campaigns for lending products.
Over 36% of responding banks said consumer loan terms had becometighter, especially through the rise in the cost of loans, andthrough the lower indebtedness level.
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