This report presents the results of the 2024 Q3 survey. The survey was conducted between 27 August and 13 September 2024. The results are based on lenders’ own responses to the survey and are reported as net percentage balances.
The availability of secured credit to households was expected to be unchanged in the 4th quarter.
The availability of unsecured credit to households slightly increased in Q3 and was expected to increase in Q4
The overall availability of credit to the corporate sector was unchanged in Q3.
Availability for small businesses was unchanged, while medium-sized and large businesses availability slightly increased in Q3.
Overall availability was expected to be unchanged in Q4.
Demand for secured lending for house purchase was unchanged in Q3 and was expected to increase in Q4.
Overall demand for unsecured lending was unchanged in Q3 and was expected to decrease slightly in Q4.
Demand for corporate lending from businesses of all sizes was unchanged in Q3.
Demand for corporate lending in Q4 was expected to decrease slightly for small businesses, expected to increase slightly for medium-sized businesses, and expected to increase for large businesses.
Overall spreads on secured lending to households – relative to Bank Rate or the appropriate swap rate – slightly widened in Q3 and were expected to narrow in Q4.
Spreads on corporate lending to small and medium-sized businesses were unchanged in Q3, while they narrowed for large businesses.
Default rates on secured loans to households increased in Q3 and were expected to increase again in Q4.
Losses given default on secured loans decreased in Q3 and were expected to increase slightly in Q4.
Default rates on loans to corporates were unchanged for all business sizes in Q3 and were also expected to be unchanged for all business sizes in Q4.