The Bank of Greece published its Bank Lending Survey for the first quarter of 2025, reporting broadly unchanged credit standards across banks’ lending to non-financial corporations (NFCs) and households. While corporate loan terms and conditions eased, terms and conditions for housing loans tightened, alongside an increase in demand for housing loans. For NFCs, credit standards were unchanged versus the fourth quarter of 2024 and banks expect them to remain unchanged in the second quarter of 2025. Corporate loan terms eased due to improved bank liquidity, competitive pressures and borrower creditworthiness, leading to narrower margins mainly on average loans; corporate loan demand was almost unchanged and is expected to remain almost unchanged in the second quarter of 2025, although demand from large corporations is expected to increase. For households, credit standards were almost unchanged for housing loans and unchanged for consumer credit, with expectations of unchanged standards in the second quarter of 2025; housing loan terms tightened due to increases in charges besides the interest rate, while consumer credit terms were unchanged. Housing loan demand increased, attributed to the launch of the state programme “MY HOME II”, while consumer loan demand remained almost unchanged; rejection rates for corporate, housing and consumer loan applications were unchanged. The next Bank Lending Survey press release covering the second quarter of 2025 is scheduled for 22 July 2025.

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