Banks in the euro area have relaxed restrictions on borrowers from companies and households, while demand for home loans has surged for the first time since early 2006, a fresh survey by the European Central Bank has found.
"These developments confirm a turning-point," the Frankfurt-based bank commented on the change in bank loan behaviour in the 16-member eurozone.
The report, published on Wednesday (29 July), notes that out of the 118 banks in the euro area, just 21 percent cont...
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