European loan demand comes in well below expectations for Q1

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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