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In the midst of the negative impact of the social outbreak and the coronavirus crisis on economic activity and the labor market, banks severely restricted conditions for granting loans to households, while demand registered a severe setback.
According to the Bank Credit Survey, released this Monday by the Central Bank, The proportion of banks consulted that reported more limited conditions increased from 50% to 83% for consumer loans and from 18% to 55% for loans for home financing.
In large companies, the number of banks that reported more limited standards, went from 64% to 79% in the quarter. Meanwhile, for the SME segment, the fraction of banks that reported stricter credit granting conditions remained stable (64%) and that of those that report more flexible standards was reduced (from 27% to 9%).
For construction and real estate companies, the conditions of credit supply in the first quarter were restricted in most of the banks surveyed, deepening what was reported in the previous period.
Thus, for the first segment, the fraction of banks that indicated stricter credit granting conditions increased from 40% to 91% and, for the second, it increased from 46% to 91%.
The negative economic scenario also impacted demand. In households, the demand for consumer and housing credit was perceived to be considerably lower in the first quarter of 2020.
For the first case, the fraction of banks that consider that credit applications were attenuated in the period increased (from 42% to 92%).
Meanwhile, for the housing portfolio, the proportion of banks reporting more dynamic demand decreased (from 27% to 9%) and the number of entities that consider that demand weakened in the quarter (from 18 to 91) increased significantly. %).
The perception of demand by large companies and SMEs was uneven in the first quarter.
For the first segment, banks that consider that demand strengthened in the period, increased from 14% to 43%, and the number of entities that reported more limited demand decreased (from 29% to 14%), while With respect to SMEs, demand is perceived to be weaker for 46% of the banks consulted (similar to the previous quarter).
Meanwhile, the demand for financing requests from construction and real estate companies weakened in the first quarter of the year.
For both segments, the proportion of banks that observed more attenuated demand reached 64%, highlighting that a part of the surveyed banks considered that demand weakened substantially (18% in both).
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