Euro zone loan demand still insufficient - ECB's Jazbec

Euro zone loan demand still insufficient - ECB's Jazbec
 

Demand for loans in the euro zone remains weak, putting into doubt the business models of banks in Slovenia and the euro zone, European Central Bank Governing Council member Bostjan Jazbec said on Thursday.
The ECB has eased monetary policy aggressive in recent years to cut funding costs and revive lending but credit growth remains below 2 percent, well below historic trends for the bloc.
"The banking system is prepared to extend loans but there is insufficient demand and that raises questions about the business models of banks in Slovenia and the euro area," said Jazbec,... read more

 
29 September 2016 in Business, Views: 35
Source: Reuters
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