The results reported in the October 2010 bank lending survey relate to changes during the third quarter of 2010 and expectations of changes in the last quarter. The survey was conducted between 13 September and 1 October 2010 on a sample group of 120 euro area banks. The response rate was 100%. As in previous survey rounds, a set of ad hoc questions was included, dealing specifically with the implications of the situation in financial markets. Overall, regarding loans to enterprises, banks reported a new net tightening of credit standards during the third quarter of 2010. The new data pointed to a stabilisation of the net tightening, after the negative surprise recorded in the second quarter of the year, and were in line with participants’ expectations from the previous survey round. Banks...
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