Demand for Bank Loans Mounts in Emerging World, Survey Says |
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May 4, 2011
Banks in emerging markets report strong and growing demand for loans from consumers and businesses, a sharp contrast with weaker demand in developed countries, a first-of-its-kind survey found.
Banks in emerging markets report strong and growing demand for loans from consumers and businesses, a sharp contrast with weaker demand in developed countries, a first-of-its-kind survey found. The report offered another reminder that many emerging-market economies are booming while the U.S., Europe and Japan recover only languidly from a severe recession. The survey of senior lending officers in 45 emerging-market banks also found that Asian banks, particularly in China, tightened lending standards over the year's first quarter, especially for real-estate loans, under pressure from governments worried about potential property bubbles.
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