In the third quarter of 2025, the credit standards for loans to non-financial corporations (NFCs) remained almost unchanged compared with the second quarter of 2025 (see Chart 1), in line with the expectations expressed in the previous quarterly survey round. Banks expect credit standards to remain unchanged during the fourth quarter of 2025.
The overall terms and conditions for loans to NFCs eased somewhat compared with the second quarter of 2025, as increasing competitive pressures led to narrower margins, mainly on average loans.
During the third quarter of 2025, the overall demand for loans to NFCs increased due to corporate financing needs and amplification of alternative sources of funding. In the fourth quarter of 2025, banks expect the demand from NFCs to increase.
In the third quarter of 2025, the ratio of rejected applications for loans to NFCs remained unchanged compared with the previous quarter
Loans to households
In the third quarter of 2025, the credit standards for housing and consumer loans to households remained unchanged compared with the second quarter of 2025. The terms and conditions for housing loans tightened somewhat during the third quarter of 2025. The terms and conditions for consumer and other credit loans remained unchanged during the third quarter of 2025. Banks expect that credit standards for housing and consumer credit loans will also remain unchanged during the fourth quarter of 2025.
The demand for housing loans decreased during the third quarter of 2025. More specifically, following the decline already observed in the second quarter, the inflow of applications from interested households to credit institutions for housing loans continued at a decreasing pace. The demand for consumer loans increased due to financing needs, in the third quarter of 2025. During the fourth quarter of 2025, the demand for housing and consumer loans is expected to remain unchanged.
During the third quarter of 2025, the ratio of rejected applications for housing loans and consumer credit remained almost unchanged
