Meanwhile, the central bank said that diffusion index-based results pointed to expectations of overall net tightening of credit standards
for household loans in the fourth quarter of 2018 as respondent banks anticipate a deterioration in the liquidity of their portfolio and a decreased deposit base.
For the current quarter, respondents expect a further rise to plus 16.3, while they also think credit standards
will tighten further, the central bank added.
Philippine banks further tightened credit standards
for loans to enterprises and households amid perception of stricter financial system regulations, the deterioration of the profile of corporate borrowers, and reduced tolerance for risks.
This team not only publicly endorses credit standards
that are the backbone of a credit culture, but also employs these standards when formulating strategies to become a high performance bank."
In a statement, the central bank said, 'The tighter overall credit standards
for commercial real estate loans reflected respondent banks' wider loan margins, reduced credit line sizes, stricter collateral requirements and loan covenants, and increased use of interest rate floors.'
BANKING AND CREDIT NEWS-December 24, 2015-Fannie Mae survey finds lenders to ease mortgage credit standards
M2 EQUITYBITES-December 24, 2015-Fannie Mae survey finds lenders to ease mortgage credit standards
The survey indicated a marginal tightening in credit standards
vis-a-vis maximum loan-to value (LTV).
The third-quarter survey found most lenders reported no major changes in their credit standards
for the prior three months.
and terms continued to tightened in Q4/2009, except for the mortgage loans (that have not changed).
The survey involves putting a number of questions to a representative sample of the euro zone's banks regarding their lending activities: credit standards
for approving loans; credit terms and conditions; and credit demand and the factors affecting it.