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The Bank Lending Survey

Author

Listed:
  • Eva Hromadkova

    (Czech National Bank, Na prikope 28, 115 03 Prague 1, Czech Republic
    CERGE EI, Politickych veznu 7, 11000 Prague, Czech Republic)

  • Oldrich Koza

    (Czech National Bank, Na prikope 28, 115 03 Prague 1, Czech Republic)

  • Petr Polak

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nabrezi 6, 111 01 Prague 1, Czech Republic
    Czech National Bank, Na prikope 28, 115 03 Prague 1, Czech Republic)

  • Nikol Polakova

    (Institute of Economic Studies, Faculty of Social Sciences, Charles University in Prague, Smetanovo nabrezi 6, 111 01 Prague 1, Czech Republic)

Abstract

This article describes the bank lending survey that the Czech National Bank has been using since 2012 to gather valuable qualitative information about the bank credit market as a complement to statistical reporting. The article sets out to conduct a quantitative assessment of the survey results and to determine the roles played in new credit developments in 2012–2016 by changes in credit supply and changes in demand for loans as reported by banks in the survey. The results of the analysis indicate that although some of banks’ survey responses are statistically significant in explaining the amounts of new loans reported by banks, the survey’s ability to explain credit growth is currently limited. Growth in new loans for house purchase can be attributed primarily to growth in demand driven by falling interest rates. According to the results, supply and demand factors both played a role in the case of loans to non-financial corporations. For consumer credit and other lending to households, the results of the analysis are ambiguous.

Suggested Citation

  • Eva Hromadkova & Oldrich Koza & Petr Polak & Nikol Polakova, 2018. "The Bank Lending Survey," Working Papers IES 2018/28, Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies, revised Oct 2018.
    • Handle: RePEc:fau:wpaper:wp2018_28
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    File URL: http://ies.fsv.cuni.cz/sci/publication/show/id/5889/lang/cs
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    Cited by:

    1. Petr Polak & Jiri Panos, 2019. "The Impact of Expectations on IFRS 9 Loan Loss Provisions," Research and Policy Notes 2019/03, Czech National Bank, Research and Statistics Department.

    More about this item

    Keywords

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    JEL classification:

    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • G01 - Financial Economics - - General - - - Financial Crises
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages

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