European loan demand comes in well below expectations for Q1

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By Mike Turner
20 Apr 2021

European loan bankers were wildly optimistic for their hopes for deal flow in the first quarter, after a new survey from the European Central Bank shows that loan demand was 40% less than expected.

Loan demand was down almost 20% in the first quarter of the year, a sharp divergence to the more than 20% increase that respondent banks were expecting as Europe inched its way out of the pandemic.

“The decline in loan demand continued to be mainly driven by a ...

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