Euro-area bank retail funding access hits record low

Community Trust Score Verified 98 % Real Verified 42 votes Updated 38 minutes ago Euro-area banks reported a net 9% deterioration in retail-funding access in the third quarter, the strongest level since the survey began in 2011, according to a European Central Bank survey released on Oct. 27. The net balance, which compares responses reporting deterioration with those reporting easing, rose from 3% in the second quarter. Despite the record reading, the ECB described the deterioration in retail-funding access as moderate. Banks identified higher lending rates as the primary reason corporate loan terms tightened during the period.