摘要：This report presents the results of the euro area bank lending survey conducted from 23 September to
7 October 2008.
The results of the October 2008 bank lending survey indicate a significant increase in the net tightening
of credit standards for loans to enterprises in the third quarter of 2008. The most important factors in this
net tightening remained the expectations regarding future economic activity and the industry or firmspecific
outlook. At the same time, the impact of banks¡¯ funding costs and balance sheet constraints also
contributed to the net tightening, particularly banks¡¯ ability to access market financing. In the third
quarter of 2008 banks also tightened somewhat in net terms the credit standards applied to loans to
households for house purchase and consumer credit and other lending to households, although such net
tightening was weaker than that observed for credit standards applied to loans to enterprises.
Expectations regarding general economic activity and ¨C in the case of housing loans ¨C housing market
prospects were important factors in the net tightening of the credit standards applied to these two types of
household loan.
