According to the results of April 2016 survey of five banking groups in the Portuguese sample, loans to non-financial private sector award criteria have remained, overall, relatively stable terms in the first quarter of 2016. However, for second quarter 2016, two institutions are planning to adopt a slightly less restrictive criteria on housing loans and most institutions foresees a slight increase in demand for loans for house purchase.
The survey also reveals that the increase in housing loan demand is associated with better prospects for the housing market, the general level of interest rates and consumer confidence. Four institutions also noted that the negative rate contributed to the low interest rates applied both on corporate loans and in loans to households for house purchase.
Most banks also did not indicate a negative impact of interest rate spreads, commissions, or in the volume of loans granted to companies and individuals for housing and consumption.
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