-
How Covid-19 has impacted Eurozone bank lending and deposits
Eurozone businesses borrow heavily at banks... In May, eurozone banks lent another €75bn to eurozone households and businesses in net terms (after deducting repayments), according to the latest ECB monetary data. Before the coronavirus pandemic, this was about €30bn a month. After a brief pause in March and April, household borrowing moved back to its pre-corona trend in May. Businesses borrowed massively, €120bn net in March alone, falling to a respectable €54bn in May. image ...driving around half of an ever bigger jump in deposits From a monetary perspective, increased bank lending has to result in ... (full story)