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Central Bank of Nigeria: Credit Conditions Survey Report - 1Q 2018

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6 years ago
Central Bank of Nigeria: Credit Conditions Survey Report - 1Q 2018

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  1. Central Bank of Nigeria Credit Conditions Survey Report Q1 2018 Statistics Department March 2018
  2. Table of Contents Page Executive Summary 2 1 .0 Introduction 3 2.0 Secured lending to households 3 3.0 Unsecured lending to households 6 4.0 Lending to corporates and small businesses 8 List of figures Charts for secured lending 4-5 Chart for unsecured lending 7-8 Charts for corporate lending 9-11 Annex: Tables Table 1: Analysis on secured lending to households 12 Table 2: Analysis on unsecured lending to households 13 Table 3: Analysis on corporate lending 14-16 1
  3. Executive Summary Supply : Lenders reported increased demand for corporate credit across all firm sizes in Q1 2018. This is also expected across all firm sizes in the next quarter. The availability of secured credit to households increased in Q1 2018 and was expected to increase in the next quarter. Favorable economic outlook was the major factor for the increase in the secured credit. Defaults: Secured loan performance, as measured by default rates, worsened in the review quarter. However, lenders expect lower default rates in the next quarter. Lenders reported that the availability of unsecured credit to households increased in Q1 2018, and this is also expected in Q2 2018. Most lenders adduced favorable economic outlook to this increase. Total unsecured loan performance to households, as measured by default rates, deteriorated in Q1 2018 but is expected to improve in the next quarter. The overall availability of credit to the corporate sector increased in Q1 2018 and was expected to increase in the next quarter. Favorable economic outlook was the major factor contributing to the increase. Corporate loan performance improved across all sizes of firms in the current quarter, except for small businesses. Lenders generally expect lower default in the current quarter. Demand: Demand for secured lending for house purchase decreased in Q1 2018. However, more lenders expect demand for secured lending to increase in the next quarter. The proportion of loan applications approved increased despite lenders’ tightening of credit scoring criteria. Loan pricing: Lenders reported that the overall spreads on secured lending rates on approved new loans to households relative to MPR narrowed in Q1 2018, and was expected to remain narrow in the next quarter. The spreads on overall unsecured lending narrowed in Q1 2018 and were expected to remain same in the next quarter. Demand for total unsecured lending from households increased in the current quarter, but was expected to decrease in the next quarter. Due to lenders stance on tightening the credit scoring criteria, the proportion of approved unsecured loan applications decreased in the current quarter, but was expected to increase in the next quarter. Changes in spreads between bank rates and MPR on approved new loan applications to all firm sizes widened in Q1 2018. However, this is expected to widen for all firm sizes in the next quarter, except for small businesses. 2
  4. Credit Conditions Survey Report 1 .0 Introduction Part of the Central Bank of Nigeria’s (CBN) mandate is to nurture an efficient monetary and financial system in order to promote macroeconomic stability in Nigeria. To achieve this, the Bank needs to, among others, understand trends and developments in credit conditions. This quarterly survey of bank lenders is an input to this work. Lenders were asked about trends and developments in credit conditions in the current and next quarters. The survey covers secured and unsecured lending to households, lending to public non-financial corporations (PNFCs), small businesses and other nonfinancial corporations (OFCs). This survey serves as an input into the Monetary Policy document, which presents the Bank’s assessment of the latest trends in lending to the Nigerian economy. This report presents the results of the Q1 2018, survey conducted from February 19 to 23, 2017. The results are based on lenders’ own responses to the survey, and do not necessarily reflect the Bank’s views on credit conditions. To calculate aggregate results, each lender is assigned a score based on their response. Lenders who report that credit conditions have changed ”a lot” are assigned twice the score of those who report that conditions have change “a little”. These scores are then weighted by lenders’ market shares. The results are analyzed by calculating net percentage balances — the difference between the weighted balance of lenders reporting that demand was higher versus lower or terms and conditions were tighter versus loosened. The net percentage balances are scaled to lie between ±100. The Q1 2018 overall credit condition survey for households, small businesses and corporate entities indicated an increase in availability of secured credit to households and corporates, but a decrease in the availability of unsecured credit. Spreads on overall secured and corporate lending to household narrowed in Q1 2018. Lenders reported that demand for total unsecured lending from households decreased in the current quarter, but was expected to increase in the next quarter. Demand for corporate lending increased across all firm sizes in the review quarter. 2.0 Secured lending to households In the current quarter relative to the previous quarter, lenders reported an increase in the availability of secured credit to households. They noted that favorable economic outlook and higher appetite for risk were major factors behind the increase. Availability of secured credit was expected to increase in the next quarter, with higher appetite for risk and favorable liquidity positions as the likely contributory factor (Figs. 2.1 and 2.2). Despite lenders’ tightening of the credit scoring criteria in Q1 2018, the proportion of loan applications approved in the quarter increased. Lenders expect to tighten the credit scoring criteria in the next quarter, yet still expect an increase in the proportion of approved households’ loan applications in Q2 2018. 3
  5. Maximum Loan to Value (LTV) ratios increased in the current quarter and were expected to also increase in the next quarter. Lenders were unwilling to lend at low LTV ratios (75% or less) in the current quarter, but willing for next quarter. However, they expressed willingness to lend at high LTV (more than 75%) in the current and the next quarters. The average credit quality on new secured lending improved in Q1 2018 but was expected to worsen in Q2 2018. Lenders reported that the overall spreads on secured lending rates to households relative to MPR narrow in Q1 2018 and was expected to further narrow in the next quarter. Narrowed spreads were reported for all lending types in the current quarter, but widened spreads in the next quarter (Fig. 2.7). Households demand for lending for house purchase decreased in Q1 2018, but was expected to increase in the next quarter. Of the total demand, households demand for prime lending and other lending increased, and these demands were expected to increase in the next quarter (Figs. 2.3 and 2.4). Households demand for consumer loans rose in the current quarter and is expected to rise in the next quarter. Demand for mortgage/remortgaging from households rose in Q1 2018 and is expected to rise in Q2 2018. Secured loan performance, as measured by default rates, worsened in Q1 2018 but is expected to improve in Q2 2018. Similarly, loss given default worsened in the current quarter and it is expected to improve in the next quarter (Figs. 2.5 and 2.6). 25.0 Next quarter Current quarter Changing liquidity positions 15.0 5.0 Tight wholesale funding conditions Next quarter -5.0 -15.0 Changing appetite for risk Current quarter -25.0 Market share objectives -35.0 -45.0 Changing economic outlook Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 -55.0 -25.0 Fig. 2.1: Supply of credit (Secured) 4 -20.0 -15.0 -10.0 -5.0 0.0 Fig. 2.2: Factors affecting credit supply
  6. 25 .0 20.0 15.0 10.0 5.0 -5.0 0.0 -10.0 -15.0 -20.0 Fig. 2.7: Loan Spreads (Secured) Fig. 2.8: Proportion of secured loansd approved 5 Q1 2018 30.0 60.0 55.0 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 -10.0 -15.0 Q4 2017 Current quarter Q3 2017 40.0 Q2 2017 Fig. 2.5: Default rate and Losses given default - Current quarter Q1 2017 -35.0 Q4 2016 -30.0 Q3 2016 -25.0 Q2 2016 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q4 2017 Q1 2018 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q3 2017 -50.0 Q1 2017 -45.0 Q2 2017 -40.0 Q4 2016 5.0 Q1 2017 Losses giving default Q3 2016 20.0 Q4 2016 Fig. 2.4: Demand - Next quarter Q3 2016 -35.0 Q2 2016 -30.0 -20.0 House Purchase Q1 2016 -15.0 Q1 2016 -25.0 Q4 2015 -20.0 -10.0 Q4 2015 -15.0 Q3 2015 0.0 -5.0 Q3 2015 -10.0 Q2 2015 5.0 Q2 2015 -5.0 Q1 2015 0.0 10.0 Q1 2015 15.0 Q4 2014 20.0 Default rate Q4 2014 10.0 Q3 2014 15.0 Q1 2014 80.0 Q3 2014 Losses giving default Q4 2013 100.0 Q2 2014 35.0 Q2 2014 Fig. 2.3: Demand - Current quarter Q1 2014 -25.0 Q1 2014 -15.0 Q3 2013 -5.0 Q4 2013 5.0 Q4 2013 15.0 Q3 2013 25.0 Q2 2013 35.0 Q3 2013 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 House Purchase Q2 2013 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Mortgage/remortgage Q2 2013 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Next quarter Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q3 2014 Q2 2014 Q1 2014 Q4 2013 Consumer Loans Q1 2016 Q4 2015 Q3 2015 Q2 2015 35.0 Q1 2015 Q4 2014 Q3 2014 Default rate Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q3 2013 Q2 2013 45.0 Q2 2014 Q1 2014 25.0 Q4 2013 Q3 2013 Q2 2013 30.0 Q4 2013 Q3 2013 Q2 2013 55.0 90.0 Mortgage/remortgage Consumer Loans 70.0 60.0 50.0 40.0 30.0 20.0 10.0 -10.0 0.0 Fig. 2.6: Default rate and Losses given default - Next quarter Next quarter Current quarter
  7. 3 .0 Unsecured lending to households The availability of unsecured credit provided to households rose in the current quarter and was expected to rise in the next quarter. Lenders reported brighter economic outlook and higher appetite for risk as the major factors that contributed to the increase in Q1 2018 (Figs. 3.1 and 3.2). Despite lenders’ resolve to tighten the credit scoring criteria for total unsecured loan applications in the review quarter, the proportion of approved total loan applications for households increased. Lenders expect to still tighten the credit scoring criteria in the next quarter, but anticipated that the total loans applications to be approved in Q2 2018 will increase. The proportion of approved credit card loans decreased in Q1 2018 due to lenders’ stance on the credit scoring criteria for granting credit card loans. Similarly, the proportion of approved overdraft/personal loans applications decreased. Lenders reported that spreads on credit card lending widened in Q1 2018 but were expected to narrow in the next quarter. Spreads on unsecured approved overdrafts/personal loans applications narrowed in the current quarter and was expected to further narrow in the next quarter. Overall spreads on unsecured lending narrowed in the current quarter, and was expected to be same in the next quarter (Fig. 3.7) The limit on unsecured credit cards on approved new loan applications decreased in Q1 2018 but was expected to increase in the next quarter. The minimum proportion of credit card balances to be paid on approved new loan applications increased in the review quarter, and was expected to further increase in the next quarter. Maximum maturities on approved unsecured new loan applications were shortened in the current quarter, and lenders anticipated that they will remain shortened in the next quarter. Demand for unsecured credit card lending from households increased in Q1 2018 but was expected to decrease in Q2 2018. However, demand for unsecured overdraft/personal loans from households increased in Q1 2018 and was expected to increase in Q2 2018 (Figs. 3.3 and 3.4). Lenders experienced higher default rates on credit card and overdrafts/personal lending to households in the current quarter. They however, expect improvement in default rates in the next quarter. Losses given default on total unsecured loans to households improved in Q1 2018, and also expected to improve in the next quarter (Figs. 3.5 and 3.6). 6
  8. 5 .0 Current quarter Next quarter 0.0 Changing cost/ availability of funds -5.0 Next quarter -10.0 -15.0 Changing appetite for risk -20.0 Current quarter -25.0 Market share objectives -30.0 -35.0 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 -40.0 Changing economic outlook -45.0-40.0-35.0-30.0-25.0-20.0-15.0-10.0 -5.0 0.0 Fig. 3.2: Factors affecting supply Fig. 3.1: Supply of credit - Unsecured House Purchase Consumer Loans 55.0 House Purchase Mortgage/remortgage Mortgage/remortgage 50.0 45.0 40.0 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 -10.0 -15.0 -20.0 Q1 2018 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q3 2017 Q4 2017 Q1 2018 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q2 2017 Fig. 3.3: Credit Demand - Current Quarter Q4 2013 Q3 2013 -30.0 Q2 2013 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 -25.0 Fig. 3.4: Unsecured Credit Demand - Next quarter 10.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 -10.0 -15.0 -20.0 -25.0 -30.0 -35.0 -40.0 Default rate Losses giving default Default rate 5.0 Losses giving default 0.0 -5.0 -10.0 -15.0 -20.0 -25.0 -30.0 -35.0 -40.0 Fig. 3.5: Default rate and Losses given default - Current quarter Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Q4 2013 Q3 2013 Q2 2013 -45.0 Fig. 3.6: Default rate vs Losses given default - Next quarter 7
  9. Fig . 3.7: Loan spreads (Unsecured) 4.0 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q3 2016 Q2 2016 Next quarter Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 -25.0 Q1 2015 -20.0 Q4 2014 -15.0 Q3 2014 -10.0 Q2 2014 0.0 -5.0 Q1 2014 5.0 Q4 2013 10.0 Current quarter Q4 2016 35.0 30.0 25.0 20.0 15.0 10.0 5.0 0.0 -5.0 -10.0 -15.0 -20.0 -25.0 -30.0 Next quarter Q3 2013 Current quarter 15.0 Q2 2013 20.0 Fig. 3.8: Proportion of unsecured loans approved Lending to corporates and small businesses Credit conditions in the corporate sector vary by size of the business. The survey asked lenders to report developments in the corporate sector by large and medium-size PNFCs, OFCs and small businesses1. The overall availability of credit to the corporate sector increased in Q1 2018 and was expected to increase in Q2 2018. This was driven by brighter economic outlook, changing sector-specific risks, changing appetite for risk, tight wholesale funding conditions and market share objectives. Lenders reported that the prevailing commercial property prices negatively influenced credit availability of the commercial real estate sector in the current quarter. Similarly, lenders expected the prevailing commercial property prices to negatively influence secured lending to PNFCs in the current quarter. Availability of credit increased for all business sizes in Q1 2018. Lenders expect the same trend in the next quarter (Fig. 4.1). Changes in spreads between bank rates and MPR on approved new loan applications for all business sizes widened in Q1 2018, and were expected to widen for all business sizes except for small businesses in Q2 2018 (Figs. 4.7 and 4.8). The proportion of loan applications approved for all business sizes increased in the current quarter, and are expected to further increase in Q2 2018. Lenders required stronger loan covenants from Large PNFCs and OFCs, but lesser loan covenants from small businesses and medium PNFCs in the current and next quarters. 1 Small businesses are defined as those with an annual turnover of under N5 million. Medium-size corporates are defined as those with an annual turnover of between N5 million and N100 million. Large corporates are defined as those with an annual turnover of more than N100 million 8
  10. Fees /commissions on approved new loan applications rose for all firm sized businesses in the current and next quarters. All firm sizes did not benefit from an increase in maximum credit lines on approved new loan applications in Q1 2018, except for small businesses. Similarly, all firm sizes expected not to benefit from an increase in maximum credit lines on approved new loan applications in Q2 2018, with the exception of large PNFCs. More collateral requirements were demanded from all firm sizes on approved new loan application in Q1 2018. Similarly, lenders will demand for more collateral from all firm sizes in the next quarter. Demand for corporate lending from all business sizes increased in the current quarter, and were also expected to increase in the next quarter. Demand for overdrafts/personal loans in Q1 2018 was higher in comparison with other loan types. The most significant factors that influenced demand for lending in the review quarter were the increase in inventory finance and capital investment, and they were expected to remain the main drivers in the next quarter (Figs. 4.3 and 4.4). Corporate loan performance as measured by the default rates improved for all sized business in the review quarter. Lenders also expect lower default rates on lending to all sized businesses in the next quarter. (Figs. 4.5 and 4.6). The average credit quality on newly arranged PNFCs borrowing facilities improved for both quarters. The target hold levels2 associated with corporate lending improved in the current quarter and was expected to improve further in Q2 2018. Loan tenors on new corporate loans improved in Q1 2018 and were expected to improve further in the next quarter. Draw down on committed lines by PNFCs worsened in the current quarter, but is expected to improve in the next quarter. 50.0 40.0 Next quarter Current quarter 30.0 40.0 20.0 20.0 10.0 10.0 0.0 0.0 -10.0 -10.0 -20.0 -20.0 -30.0 -30.0 -40.0 -40.0 -50.0 -60.0 -60.0 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 -50.0 Fig. 4.1a: Corporate credit availability - Small businesses 2 Next quarter Current quarter 30.0 Fig. 4.1b: Corporate credit availability - Medium PNFCs Share of risks that lenders wish to hold of deals that they underwrite in the short term 9
  11. 30 .0 30.0 Next quarter 20.0 Next quarter 20.0 Current quarter Current quarter 10.0 10.0 0.0 -10.0 0.0 -20.0 -10.0 -30.0 -20.0 -40.0 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 -30.0 -50.0 Fig. 4.1c: Corporate credit availability - Large PNFCs Fig. 4.1d: Corporate credit availability - OFCs Large PNFCs 50.0 Commercial Real Estate OFCs 40.0 Balance sheet restructuring Next quarter 30.0 20.0 Inventory Finance 10.0 Current quarter 0.0 Capital Investments -10.0 Fig. 4.2: Factors affecting corporatecredit supply 50.0 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 Fig. 4.3: Corporate Credit demand - Current quarter Large PNFCs OFCs Small businesses 60.0 Q4 2013 Q2 2013 -30.0 -20.0 -10.0 0.0 10.0 20.0 30.0 40.0 50.0 Q3 2013 -20.0 Merger and acquisition 20.0 15.0 Small businesses Medium PNFCs Large PNFCs OFCs 10.0 40.0 5.0 0.0 30.0 -5.0 20.0 -10.0 -15.0 10.0 -20.0 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q1 2018 Q4 2017 Q3 2017 Q2 2017 Q1 2017 Q4 2016 Q3 2016 Q2 2016 Q1 2016 Q4 2015 Q3 2015 Q2 2015 Q1 2015 Q4 2014 Q3 2014 Q2 2014 Q1 2014 -30.0 Q4 2013 -10.0 Q3 2013 -25.0 Q2 2013 0.0 Fig. 4.5: Corporate Credit default - Current quarter Fig. 4.4: Corporate Credit demand - Next quarter 10
  12. -15 .0 -5.0 -20.0 -15.0 15.0 10.0 Small businesses Medium PNFCs Large PNFCs OFCs -10.0 -20.0 -30.0 -40.0 Small businesses Large PNFCs Medium PNFCs OFCs 5.0 -5.0 -10.0 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 10.0 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2013 Q3 2013 Q4 2013 Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 20.0 15.0 0.0 Fig. 4.6: Corporate Credit default - Next quarter 45.0 35.0 Fig. 4.8: Corporate Credit spread - Next quarter 11 Small businesses Large PNFCs Medium PNFCs OFCs 10.0 5.0 -5.0 0.0 -10.0 -15.0 -20.0 -25.0 -30.0 Fig. 4.7: Corporate Credit spread - Current quarter Current quarter Next quarter 0.0 25.0 15.0 5.0 Fig. 4.9: Proportion of loans approved for small businesses
  13. Table 1 : Analysis on Secured Lending to Households QUESTION 1(a). How has demand for secured lending for House purchase from HOUSEHOLDS changed? Current quarter Next quarter Current quarter of which: Demand for prime lending Next quarter Current quarter of which: Demand for buy to let lending Next quarter Current quarter of which: Demand for other lending Next quarter 1(b). How has demand for secured lending for Consumer Loans from Current quarter HOUSEHOLDS changed? Next quarter 1(c). How has demand for secured lending for Mortgage/re-mortgate from Current quarter HOUSEHOLDS changed? Next quarter 2. How has demand for secured lending for small businesses from HOUSEHOLDS Current quarter changed? Next quarter 3. How have credit scoring creteria for granting loan applications by Current quarter HOUSEHOLDS changed? Next quarter 4. How has the proportion of HOUSEHOLD loan applications being approved Current quarter changed? Next quarter Current quarter 5(a). How have the overall secured lending spreads changed? Next quarter Current quarter of which: Spreads on prime lending Next quarter Current quarter of which: Spreads on buy to let lending Next quarter Current quarter of which: Spreads on other lending Next quarter Current quarter 5(b). How have fees on secured lending changed? Next quarter Current quarter 5(c). How have the maximum loan to value ratios changed? Next quarter Current quarter 5(d). How have the maximum loan to income ratios changed? Next quarter Current quarter 6. How has the availability of secured credit provided to households changed? Next quarter Factors contributing to changes in credit availability Current quarter Changing economic outlook Next quarter Current quarter Market share objectives Next quarter Current quarter Changing appetite for risk Next quarter Current quarter Tight wholesale funding conditions Next quarter Current quarter Changing liquidity positions Next quarter Current quarter 7. Has the default rate on secured loans to households changed? Next quarter Current quarter 8. How have losses given default to households changed? Next quarter 9. How has the average credit quality of new secured lending to HOUSEHOLDS Current quarter changed? Next quarter 10. How has the availability of households secured credit to the following types of borrowers changed: Current quarter Borrowers with low loan to value ratios (75% or less) Next quarter Current quarter Borrowers with high loan to value ratios (more than 75% ) Next quarter Q1 21.9 34.1 19.2 29.0 -5.0 22.9 26.6 32.9 37.0 53.0 20.7 32.3 28.6 42.8 0.3 0.3 35.9 29.9 6.4 -14.8 -6.1 -11.7 7.2 -16.5 9.6 -18.7 2.9 4.9 4.4 -0.6 4.0 -1.1 -21.3 -11.8 2014 Q2 Q3 8.3 24.3 21.0 41.1 3.0 17.1 9.9 36.3 -14.8 8.8 -11.7 10.3 30.3 24.6 49.5 35.5 31.6 40.4 49.0 57.5 8.6 26.5 14.2 33.7 44.6 26.4 38.1 34.6 0.0 0.0 -0.3 -4.3 30.6 29.9 32.4 29.9 5.8 7.0 -1.4 -1.1 6.4 -0.1 -1.5 -1.2 6.7 9.1 -0.9 -0.9 13.4 8.2 4.7 -1.3 -0.9 -5.2 0.0 -4.2 0.0 0.0 0.0 -4.5 0.5 -1.6 0.0 -4.5 -16.2 -20.0 -17.3 -10.9 Q4 32.8 32.8 36.0 42.5 19.7 36.9 24.2 28.5 38.5 47.4 29.6 29.8 46.1 43.8 -7.0 -4.5 43.4 28.9 0.0 0.0 -1.9 0.0 0.0 0.0 0.0 0.0 0.0 0.0 2.7 0.0 -4.8 -2.4 -32.5 -27.9 Q1 33.4 21.7 36.9 17.1 23.5 16.4 24.4 15.9 38.8 21.5 23.7 22.3 29.2 20.8 1.6 1.6 28.6 19.7 1.3 -4.7 -1.7 -5.5 0.2 -5.7 0.2 -6.0 2.2 -4.2 -10.9 -6.6 0.0 -4.5 2.6 -2.6 2015 Q2 Q3 -6.1 1.5 26.0 29.4 -5.2 6.0 15.1 25.9 -27.1 -13.0 29.1 19.0 -13.5 -20.3 21.9 16.7 -2.8 15.0 31.2 38.4 1.3 1.5 20.9 29.4 -7.7 0.5 26.1 28.0 1.1 2.3 0.0 3.1 -13.5 -5.1 24.9 23.3 0.0 -11.4 0.0 -3.9 -2.0 -16.5 0.0 -4.3 -0.1 -8.8 0.0 -5.0 -0.1 -13.0 0.0 -9.7 -14.3 -19.2 -5.1 -3.8 8.1 -3.8 0.0 -3.8 -4.6 -3.8 -5.1 -3.8 -22.6 18.0 -22.5 -16.2 Q4 -15.3 -3.7 5.8 13.6 -26.4 -19.5 -28.1 0.6 -1.1 11.0 -22.4 0.6 -7.2 6.1 -24.4 -11.1 -4.2 11.9 -3.5 -3.5 -4.0 -9.2 -3.8 -14.5 -3.5 -3.5 0.0 0.0 -11.4 -11.4 -4.1 -2.0 -13.1 -25.8 Q1 0.7 10.9 0.5 15.8 -11.9 -6.1 -11.9 -6.5 18.3 9.7 10.4 1.7 12.1 25.6 3.8 0.5 0.2 13.0 -0.5 4.6 -0.6 5.0 2.8 7.3 2.2 6.2 0.0 0.0 0.0 0.0 3.6 -3.0 -36.9 -17.3 2016 Q2 Q3 39.2 13.1 34.6 5.3 39.4 13.0 42.4 13.2 19.8 2.0 35.3 -7.3 14.1 9.6 29.8 -4.0 48.6 21.7 43.2 16.2 33.5 13.5 33.5 3.4 30.4 23.1 27.5 30.0 11.9 11.9 12.8 10.4 -5.2 -13.2 -2.2 7.5 12.5 -11.5 0.0 -6.2 9.6 -4.7 2.6 -0.2 13.2 -3.4 3.1 -0.2 15.1 -4.1 3.6 -9.2 0.0 0.0 0.0 -7.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 -22.4 -0.5 -33.3 9.1 Q4 3.8 24.1 -10.3 -14.7 6.7 0.7 3.4 10.7 30.7 38.6 5.3 23.3 29.8 43.6 20.4 29.9 4.1 24.3 -3.1 4.0 -4.5 -17.0 -14.1 4.5 -8.2 -7.2 -25.7 -23.1 -10.2 -23.1 -1.1 -11.5 -44.0 -32.4 Q1 -2.0 6.0 -2.1 12.1 -11.1 0.8 -12.9 0.8 5.6 12.5 -2.0 16.7 -1.0 29.0 6.4 9.4 -11.7 3.9 -1.7 -18.2 -3.0 -18.1 -0.1 -19.2 -4.9 -18.7 -4.2 -4.3 0.0 0.0 0.0 0.0 -29.6 -25.5 2017 Q2 Q3 0.5 6.2 9.7 29.3 5.7 6.9 11.0 10.1 0.3 -13.0 0.0 -7.5 -5.2 -11.8 10.7 -8.8 14.9 9.3 8.2 11.7 -1.4 6.3 9.7 8.9 21.8 17.6 42.4 41.1 13.4 7.1 9.7 -6.1 10.1 17.7 17.7 21.7 -6.2 -0.9 -2.3 -4.3 -6.2 -5.1 -2.3 -4.3 -4.5 -4.3 -2.6 -5.0 -4.4 -4.9 -2.5 -4.9 -1.1 6.5 5.7 -1.1 -3.3 -7.2 5.7 -1.1 -3.3 -1.1 7.6 -1.1 -12.5 -28.4 -30.4 -13.0 Q4 16.5 23.5 18.6 21.2 -8.4 -10.2 19.5 27.6 22.6 29.6 -7.7 0.4 7.9 14.1 -3.8 6.1 -0.9 11.2 -4.3 -5.0 -4.3 -5.0 -4.3 -5.0 -4.3 -5.0 0.0 0.0 10.3 0.0 -1.3 0.0 3.8 -22.5 2018 Q1 -1.2 3.3 4.2 7.5 -6.7 -2.2 3.7 7.2 9.0 20.9 6.9 2.2 17.7 27.5 0.0 9.0 0.0 22.6 1.3 1.8 0.0 -8.0 0.0 -9.2 0.0 -9.2 0.0 -2.6 -1.5 -2.6 -1.5 -11.3 -9.6 -21.7 -14.4 -11.3 -29.8 -23.4 -7.4 -7.7 -4.0 -7.8 -9.2 -24.6 -31.9 -46.0 -23.4 -23.1 33.8 38.9 -11.2 -9.3 -23.4 -18.9 -7.4 -10.9 -17.9 -6.4 -22.9 -13.0 -23.9 -27.0 -24.1 -16.1 33.7 36.9 -2.6 -6.3 -20.0 -21.4 -17.7 -18.2 -9.8 -2.3 -5.5 -0.5 -21.1 -25.7 -11.4 -7.9 35.3 43.4 -38.2 -35.5 -24.5 -23.4 -16.5 -27.3 -11.6 -10.9 -29.5 -27.9 -23.7 -26.4 -25.9 -20.9 22.3 37.3 2.6 -13.2 -12.6 -11.0 -14.2 -4.5 6.3 0.6 15.3 8.1 -25.5 -24.3 -18.7 -24.1 26.6 28.2 -43.8 -30.4 -30.7 -21.6 -51.0 -39.1 -24.4 -12.3 -27.6 -19.7 5.2 -19.2 -8.6 -13.0 30.5 32.4 -16.2 -25.2 -4.0 -22.7 -22.2 -19.2 -4.4 2.7 5.8 -8.6 0.1 -12.5 -7.7 -11.5 25.2 29.2 -57.0 -47.2 -35.3 -29.5 -47.0 -35.1 -38.3 -22.9 -33.7 -24.9 -9.0 -15.5 -21.0 -25.8 30.9 20.5 -54.1 -18.0 -30.4 -19.8 -28.2 -10.6 -19.3 -6.3 -22.9 -12.6 -5.0 -18.0 -7.6 -23.2 25.3 28.5 -40.3 -21.8 -19.3 -31.3 -35.1 -21.2 -17.3 -18.4 -23.2 -19.8 22.9 18.8 6.5 -0.4 22.7 17.9 -55.0 -24.8 -22.7 3.0 -33.7 -6.5 -24.7 -19.9 -30.7 -21.2 10.9 -4.9 3.0 -12.4 20.9 11.4 -48.4 -22.7 -23.8 -8.4 -23.0 -28.2 -40.1 -33.1 -27.9 -28.2 33.0 -24.0 11.4 -28.4 27.7 2.9 -33.4 -27.9 -21.1 -19.4 -25.0 -23.1 -32.4 -31.5 -17.7 -17.5 -11.3 -28.6 -11.5 -17.6 25.1 34.3 -28.2 -30.5 -0.7 -8.1 -23.1 -19.3 -13.8 -26.4 -24.1 -31.2 -12.1 -30.9 -14.5 -23.6 15.0 12.2 -32.7 -16.1 -24.0 -27.7 -21.2 -37.1 -21.0 -32.8 -30.4 -44.3 -3.5 -21.6 -8.4 -26.1 14.0 1.1 -13.7 -20.0 -12.8 -12.2 4.8 -22.0 0.0 -3.4 0.2 -24.9 12.7 -34.1 15.5 3.7 -0.5 -8.4 -19.1 -20.2 -5.4 -13.3 -15.2 -23.5 -3.0 -13.6 -13.9 -23.3 2.2 -16.7 3.0 -32.7 7.4 -5.7 14.4 10.4 -5.5 -2.1 18.6 6.9 -3.0 -9.2 13.4 4.9 -12.7 -10.4 3.9 10.7 12.7 1.9 -8.2 -12.6 -9.2 -9.2 11.7 6.5 0.0 -8.5 20.0 16.7 -0.1 -2.3 -17.1 -20.8 -9.7 -6.2 9.3 12.3 12.9 -2.6 -12.1 -13.3 -15.0 -17.1 -13.5 -22.3 -5.0 -7.7 -16.2 -2.9 -11.8 -3.4 -9.4 -6.2 -7.5 -3.1 8.2 11.6 -2.1 -2.8 0.0 15.1 -19.0 -26.8 4.8 9.6 -20.3 -8.9 -6.1 4.4 4.7 9.2 12
  14. Table 2 : Analysis on Unsecured Lending to Households QUESTIONS 1(a). How has demand for unsecured credit cards lending from HOUSEHOLDS changed? 1(b). How has demand for unsecured overdraft/ personal loans from HOUSEHOLDS changed? 1(c). How has demand for total unsecured lending from HOUSEHOLDS changed? 2(a). How has demand for unsecured credit cards lending from SMALL BUSINESSES changed? 2(b). How has demand for unsecured overdraft/ personal loans from SMALL BUSINESSES changed? 2(c). How has demand for total unsecured lending from SMALL BUSINESSES changed? 3(a). How have credit scoring creteria for granting credit card loan applications by HOUSEHOLDS changed? 3(b). How have credit scoring creteria for granting overdraft/personal loan applications by HOUSEHOLDS changed? 3(c). How have credit scoring creteria for granting total unsecured loan applications by HOUSEHOLDS changed? 4(a). How has the proportion of HOUSEHOLD credit card loan applications being approved changed? 4(b). How has the proportion of HOUSEHOLD overdraft/personal loan applications being approved changed? 4(c). How has the proportion of HOUSEHOLD total loan applications being approved changed? 5(a). How have spreads on credit cards changed? 5(b). How have spreads on overdraft/personal loans changed? 5(c). How have spreads on overall unsecured lending changed? 5(d). How have unsecured credit card limits changed? 5(e). How has the minimum proportion of credit cards balances to be paid changed? 5(f). How have maximum maturities on loans changed? 6. How has the availability of unsecured credit provided to households changed? Q1 Current quarter 20.3 Next quarter 19.6 Current quarter -1.3 Next quarter 7.5 Current quarter 1.3 Next quarter -1.3 Current quarter -8.1 Next quarter -13.8 Current quarter -4.6 Next quarter -1.7 Current quarter -0.6 Next quarter -2.9 Current quarter -2.9 Next quarter -9.0 Current quarter 10.5 Next quarter 7.6 Current quarter 13.4 Next quarter 8.0 Current quarter 3.8 Next quarter 12.6 Current quarter 6.0 Next quarter 5.8 Current quarter -3.3 Next quarter 5.8 Current quarter 9.0 Next quarter 6.2 Current quarter 2.4 Next quarter 5.4 Current quarter 7.4 Next quarter 5.6 Current quarter -6.7 Next quarter 0.0 Current quarter -2.9 Next quarter 0.6 Current quarter -1.2 Next quarter 1.2 Current quarter -11.7 Next quarter -7.0 2014 Q2 Q3 -19.7 30.4 -25.0 47.7 -10.2 28.0 -0.1 38.0 -16.4 29.4 -16.4 30.4 -9.2 21.4 -4.0 7.6 7.2 8.6 11.4 10.9 -5.0 7.4 -7.4 3.0 -4.8 -2.5 -3.0 -5.3 11.1 1.5 0.0 -2.7 12.3 1.5 0.0 -2.8 20.9 37.2 17.9 25.9 18.7 33.3 -2.3 18.9 3.3 25.9 -2.3 18.9 6.2 1.9 5.0 -0.5 3.5 -2.5 3.7 1.8 4.4 3.7 5.7 -0.2 -0.2 -3.6 -1.2 0.0 12.8 -1.9 -0.6 1.2 4.8 -0.5 14.2 1.9 -8.3 -12.7 -15.5 -10.6 Q4 30.3 29.4 39.4 17.4 27.6 13.0 13.3 -2.2 18.8 4.5 15.6 4.1 -5.6 -4.7 -2.2 -4.5 0.0 0.0 28.6 25.7 12.1 -4.5 10.5 -4.5 6.9 6.9 2.4 5.6 2.8 5.7 0.0 0.0 1.7 2.1 2.0 2.0 -2.3 -6.9 Q1 11.5 16.7 29.4 21.9 16.7 9.0 -4.1 15.6 1.2 17.0 -1.6 17.7 0.0 0.8 0.0 1.6 0.0 -0.5 28.7 4.8 29.8 -0.5 16.5 -0.5 -3.1 0.8 -10.3 0.7 -6.9 -3.6 -3.1 0.0 1.6 1.6 5.1 6.1 -13.9 -9.7 2015 Q2 Q3 11.1 18.9 28.7 27.4 14.0 14.3 33.4 12.8 14.0 10.7 33.4 9.1 11.1 13.6 10.8 19.3 6.6 2.4 -1.8 7.4 -1.6 2.6 -1.8 8.2 13.8 8.0 13.8 20.7 12.4 6.8 12.4 17.7 12.4 19.4 12.4 19.4 8.5 11.8 28.5 17.1 -6.3 -1.0 -0.8 -6.2 -7.9 -11.2 -0.8 -6.2 -14.4 -15.5 0.0 -2.7 -10.5 -19.9 -0.5 -2.3 -15.0 -21.8 -5.2 -7.5 -0.6 -14.3 -0.6 0.0 0.0 0.0 0.0 0.0 12.9 10.9 20.2 13.8 -18.6 -11.7 -17.8 -13.0 Q4 23.6 46.4 22.6 50.1 11.9 39.9 -12.6 15.2 -3.1 19.3 -5.3 11.6 1.1 -12.9 0.9 -10.9 3.1 -9.1 1.4 1.4 -4.3 -12.7 -6.3 -12.7 -8.2 -8.4 -13.3 -18.5 -18.7 -19.2 0.0 11.8 -0.5 21.3 13.6 6.5 -26.6 -10.6 Q1 10.2 26.4 3.2 16.4 1.2 7.2 22.6 17.4 28.0 26.6 23.2 23.3 4.8 7.6 3.8 6.8 3.8 11.9 -13.2 1.7 -22.7 -15.9 -26.0 -15.9 -12.9 -2.9 -5.7 -3.1 -4.9 -2.3 3.8 10.9 2.3 6.3 2.3 2.3 -13.5 -9.2 2016 Q2 Q3 33.9 20.4 28.0 23.7 27.7 17.6 18.7 24.3 19.6 15.1 22.3 24.3 28.3 10.9 22.4 19.0 28.3 17.3 27.5 16.5 27.5 10.5 29.8 16.5 13.8 20.8 14.7 -4.8 13.9 22.7 14.9 -3.7 15.4 22.7 16.4 -3.7 11.1 -15.0 11.1 3.5 13.2 -18.9 12.7 -1.7 10.0 -18.9 12.7 -1.7 -1.0 -8.1 14.2 -3.7 4.3 -2.8 9.0 -9.2 10.1 -2.8 15.3 -9.2 11.5 -3.7 16.6 -11.6 11.4 0.4 11.4 -6.1 11.6 3.0 16.7 3.1 -33.1 -11.3 -27.9 -14.5 Q4 -21.8 10.9 -1.1 9.8 3.8 9.8 9.1 16.0 -3.7 9.8 2.0 9.8 28.6 31.5 32.6 28.0 32.6 28.6 -12.6 -2.5 -14.8 -17.5 -26.5 -17.5 6.5 21.2 -0.1 18.9 -0.1 18.9 4.4 21.5 -1.2 4.9 3.4 6.6 -34.3 -35.5 Q1 -5.6 11.5 7.2 5.4 -3.5 1.0 -6.8 -16.0 9.5 4.5 0.1 -0.3 2.5 7.9 8.3 6.9 3.0 7.6 -14.1 -2.9 -18.3 -6.0 -15.3 -6.0 -5.5 -2.6 -9.1 -2.2 -1.4 -2.4 -2.5 2.8 -0.8 5.0 4.7 8.7 -27.6 -32.7 2017 Q2 Q3 20.3 13.4 12.1 11.6 17.4 11.5 32.1 10.6 14.0 14.5 18.0 6.8 23.3 5.5 20.1 13.4 29.3 16.5 37.9 22.3 21.8 13.6 28.2 2.1 14.6 0.0 32.0 5.9 22.3 6.3 29.5 11.0 24.6 7.2 32.5 12.5 -2.9 -1.0 -2.9 -13.9 -16.7 -16.6 -7.9 -9.1 -13.4 -14.0 -7.9 -9.1 -9.1 3.3 5.7 12.8 -11.6 1.7 5.1 -2.2 -5.4 6.6 5.2 8.9 2.9 10.2 6.2 13.6 1.0 3.4 9.4 20.9 7.0 6.4 -9.1 6.4 -19.2 -15.0 -21.3 -11.0 Q4 -11.1 11.6 -4.0 8.2 -20.0 -23.4 21.2 -5.9 12.0 -17.9 -2.7 -15.1 18.7 26.5 16.4 0.0 5.3 -12.9 0.0 13.3 -1.3 10.3 -4.0 10.3 0.0 13.3 0.0 23.3 0.0 25.8 5.5 5.5 0.0 11.6 2.4 25.7 -4.7 -20.2 2018 Q1 26.6 -1.9 11.0 -7.7 4.7 -8.0 12.9 -1.2 23.6 4.7 10.6 8.9 0.8 14.7 0.0 13.4 7.0 14.4 -3.8 6.5 -11.2 4.0 -11.8 4.0 -5.3 10.4 0.0 0.0 0.0 0.0 0.0 -5.3 15.0 10.5 12.9 21.7 -13.3 -18.3 Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter -9.9 -9.9 -17.0 -19.9 2.6 -4.4 -22.7 -25.6 -21.8 -22.6 -4.2 -27.9 -7.4 -29.6 -6.2 -14.1 -7.0 -20.1 -7.4 -21.3 21.9 16.6 13.8 20.2 15.9 26.1 -33.2 -33.0 -25.3 -17.6 -19.2 -21.7 -30.5 -30.3 -29.2 -29.2 -24.2 -34.9 -21.7 -29.4 -33.8 -24.6 -18.0 -19.6 -18.0 -19.6 21.6 5.3 20.6 10.0 23.8 10.0 -2.6 -8.4 -10.1 -17.7 -7.6 -18.8 -22.8 -13.6 -13.4 -5.8 -20.3 -9.2 -20.6 -8.8 -10.3 -2.0 -10.0 -3.5 -14.8 -7.7 22.0 24.4 20.9 22.1 20.4 18.9 -5.2 -9.2 -22.5 -21.7 -13.8 -14.9 -25.3 -23.9 18.3 3.5 26.5 3.3 17.2 3.1 -0.4 -15.8 0.2 -14.9 -2.4 -14.2 8.4 16.4 1.9 15.5 -0.8 14.7 -42.2 -28.6 -25.9 -15.1 -39.6 -26.2 -30.5 -28.2 -31.9 -29.9 -18.8 -40.6 -18.8 -40.6 -13.9 -1.7 -23.2 -12.2 -34.6 -7.1 26.7 13.2 9.9 1.0 14.9 1.3 -25.7 -13.4 -15.0 -20.4 -29.2 -17.9 0.8 -9.2 -10.1 -12.5 3.1 -8.9 -0.7 -12.7 6.5 -14.0 -7.6 -30.8 -7.6 -25.7 6.2 12.3 13.5 13.0 18.7 18.1 -45.8 -24.3 -27.1 -26.9 -32.0 -27.9 -24.1 -18.4 5.2 2.7 12.9 3.7 13.1 1.4 15.6 -2.4 8.9 -8.7 8.9 -3.6 10.2 20.7 2.2 9.8 7.4 15.1 -38.6 -41.6 -5.8 -7.4 -29.2 -30.1 -19.0 -22.2 19.1 -16.8 12.8 -16.1 12.8 -16.1 13.6 -27.7 -0.3 -7.5 -0.3 -2.6 5.8 2.8 -2.8 -1.1 1.9 3.6 -44.9 -43.3 -22.4 -29.6 -33.4 -32.4 -15.6 -20.4 -13.3 -32.5 -11.1 -25.3 -1.0 -3.6 1.2 -8.1 -7.6 -13.2 -8.3 -9.2 11.5 9.7 -2.9 -2.7 1.8 2.1 -23.9 -30.6 11.5 -14.4 -14.0 -19.2 -19.2 -29.7 1.6 -21.6 14.7 -14.2 3.4 -15.9 0.7 -23.8 -15.2 -34.6 -17.0 -33.3 26.9 -5.0 0.4 -8.9 11.2 13.2 -13.8 -8.6 -1.1 -21.4 -17.3 -21.4 -5.4 -28.2 12.6 -25.9 0.4 -29.7 13.4 -32.9 19.6 -41.9 2.0 -26.4 2.3 -30.0 18.7 7.6 1.2 1.0 1.3 1.2 -35.2 -27.2 -9.4 -15.3 -17.4 -18.2 -16.8 -26.2 11.1 -17.7 -5.2 -16.7 -5.5 -26.7 -10.7 -28.6 -15.7 -28.8 -14.2 -25.4 12.4 9.2 10.1 3.7 8.2 8.3 Factors contributing to changes in credit availability Changing economic outlook Market share objectives Changing appetite for risk Changing cost/ availability of funds 7(a). How has the default rate on credit card loans to households changed? 7(b). How has the default rate on overdraft/ personal loans to households changed? 7(c). How has the default rate on total unsecured loans to households changed? 8(a). How have losses given default on credit card loans to households changed? 8(b). How have losses given default on overdraft/personal loans to households changed? 8(c). How have losses given default on total unsecured loans to households changed? 9(a). How has the average credit quality of new credit card lending to HOUSEHOLDS changed? 9(b). How has the average credit quality of new overdraft/personal lending to HOUSEHOLDS changed? 9(c). How has the average credit quality of new total unsecured lending to HOUSEHOLDS changed? -10.4 -9.9 -31.1 -18.3 -6.2 -5.2 -25.6 -17.7 -26.5 -20.5 -35.7 -20.3 -35.7 -20.3 -5.8 -24.9 -22.5 -28.3 -22.5 -27.3 -15.8 -9.2 -2.1 -6.0 -2.2 -6.0 13 -15.1 -7.9 -26.0 -23.4 -13.6 -10.8 -27.6 -23.5 -21.2 -27.3 -11.2 -28.3 -13.2 -28.3 -16.0 -27.3 -17.4 -27.4 -19.1 -28.5 19.8 26.9 19.3 22.8 19.4 22.9 -15.8 -11.7 -7.9 -4.4 -16.6 -10.2 -11.2 -13.0 1.6 -20.3 3.9 -19.1 4.3 -16.0 -11.2 -11.4 -9.3 -10.4 -10.2 -6.3 2.2 14.1 0.6 13.6 0.7 15.0 -10.6 -10.2 -18.0 -15.4 -24.6 -24.1 -8.2 -8.3 -8.4 -12.2 1.3 -7.0 1.3 -6.7 1.7 -12.2 -3.5 -20.5 -3.5 -13.6 9.2 6.9 -4.3 -5.2 2.0 1.3 -20.3 -0.2 -11.5 4.3 -14.2 16.9 -10.0 1.8 0.6 -21.2 3.2 -13.1 14.4 -13.1 3.7 -14.5 -1.8 -26.4 -2.0 -24.0 11.4 5.7 -0.1 0.0 4.9 5.0
  15. Table 3 : Analysis on Corporate Lending QUESTION 1(a). How has availability of credit provided to small businesses changed? 1(b). How has availability of credit provided to medium PNFCs changed? 1(c). How has availability of credit provided to large PNFCs changed? 1(d). How has availability of credit provided to OFCs changed? 2(a). How has demand for credit cards lending from SMALL BUSINESSES changed? 2(b). How has demand for overdraft/ personal loans from SMALL BUSINESSES changed? 2(c). How has demand for secured lending from SMALL BUSINESSES changed? 2(d). How has demand for lending from Medium PNFCs changed? 2(e). How has demand for lending from Large PNFCs changed? 2(f). How has demand for lending from OFCs changed? Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Q1 -27.4 -32.7 -20.5 -28.9 -40.1 -30.8 -6.5 3.1 16.4 27.1 31.4 27.6 33.8 31.6 19.3 24.5 30.5 40.3 4.6 13.9 2014 Q2 Q3 -40.1 -35.2 -45.9 -22.2 -28.7 -25.5 -26.7 -23.9 -36.8 -45.4 -32.8 -21.4 -18.1 -10.9 -15.9 -1.4 16.2 11.6 13.2 15.3 50.5 42.8 36.6 17.5 52.4 41.5 35.6 12.7 38.5 33.2 24.2 9.9 29.6 36.4 22.5 15.1 12.5 7.8 9.4 1.2 Q4 -35.7 -40.1 -31.7 -30.1 -41.2 -13.5 -2.8 2.2 4.8 15.5 29.1 26.0 39.9 40.1 37.5 33.8 39.8 22.8 6.4 13.0 Q1 -34.2 -10.0 -37.5 -28.4 -41.7 -21.2 -19.2 13.9 15.4 3.1 34.4 6.3 33.1 7.2 27.5 2.9 17.9 3.8 11.5 -7.9 2015 Q2 Q3 -32.4 -23.0 -20.8 -22.6 -28.9 -19.8 -23.2 -23.3 -32.6 -20.1 -21.0 -16.7 -10.6 -13.9 -9.1 -11.1 32.4 30.5 27.6 27.2 25.3 42.2 33.2 44.2 20.3 26.2 27.4 34.5 18.6 30.9 34.4 23.3 24.4 30.9 34.9 22.2 0.4 18.7 27.3 18.1 Q4 -14.1 -13.1 -10.0 -8.9 -5.8 -12.1 -16.5 -4.1 -15.9 -2.0 26.7 20.9 24.1 15.7 8.3 5.6 13.3 20.5 4.4 4.9 Q1 25.0 41.6 14.9 29.2 12.2 26.9 4.0 22.3 3.9 17.6 24.2 24.9 9.7 26.5 11.0 17.4 0.5 11.1 -17.8 4.6 2016 Q2 Q3 -19.7 -5.2 -23.6 -10.3 -28.2 -3.4 -26.3 -10.2 -26.0 -5.7 -29.2 -7.7 -17.2 10.4 -21.1 5.8 22.7 17.2 25.3 24.4 32.7 21.8 24.7 25.3 29.0 15.3 34.0 25.8 12.8 14.2 21.0 9.2 14.9 14.2 14.4 8.8 -0.7 -9.5 9.4 9.2 Q4 15.2 13.0 9.9 9.3 -15.1 -14.4 -13.5 -20.3 1.0 15.5 26.8 32.8 26.5 27.3 16.0 13.6 6.0 5.4 0.9 6.8 Q1 -10.5 -13.5 -12.7 -13.4 -10.6 -7.4 0.6 -2.7 8.3 9.2 21.1 19.3 19.7 23.5 9.0 16.6 7.0 15.1 -6.7 14.1 2017 Q2 Q3 -20.1 -6.7 -14.5 -13.0 -10.4 -3.1 -9.0 -9.7 -12.1 0.6 6.4 6.6 5.5 6.3 23.5 13.6 1.7 -0.3 9.4 12.6 18.4 22.0 11.4 26.8 11.9 10.4 21.9 30.6 17.9 4.8 15.9 13.6 9.0 4.7 -5.9 4.3 -3.9 -5.7 -8.9 -2.3 Q4 -17.2 -22.5 -28.6 -18.1 -18.7 -19.7 -17.2 -18.9 4.9 11.4 29.5 35.2 22.6 45.3 13.5 16.9 7.2 12.3 -0.5 9.3 2018 Q1 -26.5 -15.3 -23.4 -24.9 -10.1 -4.3 -13.8 -15.3 20.0 13.5 31.9 28.8 25.4 29.9 18.8 20.8 23.4 32.6 2.1 15.0 -11.7 -13.1 39.2 35.6 41.0 42.1 -9.3 6.7 7.6 7.6 -37.0 -32.2 -4.6 -15.9 -12.4 4.5 50.9 39.9 37.3 39.9 4.2 15.1 -16.1 -16.1 -26.2 -19.0 1.7 -3.8 -1.8 -19.7 37.1 14.2 32.2 32.7 7.0 3.0 1.8 1.8 -28.0 -23.5 -2.5 -5.0 6.2 -10.1 47.7 42.0 59.9 46.9 27.2 28.2 10.3 10.3 -43.1 -35.8 -23.3 -24.5 -15.3 -21.2 48.8 18.7 42.0 19.0 -12.6 -11.1 7.1 7.1 -37.2 -13.1 -9.6 23.4 -13.9 -6.9 38.9 29.8 47.9 35.7 -5.6 14.4 10.0 10.0 -22.3 -4.0 16.3 -4.1 -8.2 0.0 31.2 33.3 48.5 46.2 -7.1 8.1 6.4 6.4 -5.3 -11.7 -12.5 -15.3 -3.0 -3.0 23.1 13.0 24.6 23.8 -13.9 -2.2 -13.2 -13.2 -8.7 -2.6 0.5 8.5 -58.7 -8.8 8.4 19.4 35.0 20.1 -7.0 7.1 0.1 0.1 -47.6 -29.4 -40.5 -28.1 7.2 7.5 16.8 27.3 23.7 24.9 -14.0 -8.6 7.5 7.5 -8.0 -25.0 8.8 -11.7 -26.4 0.0 16.4 24.9 32.3 30.7 -20.4 -8.3 -10.0 -10.0 -9.3 -14.6 -23.8 -25.3 8.3 -4.9 21.5 31.8 16.2 44.3 -18.9 3.5 -20.3 -20.3 19.2 13.7 36.7 24.5 -40.6 0.0 15.2 19.4 11.4 30.1 -9.1 -1.1 -12.1 -12.1 -29.5 -24.1 -24.9 -22.6 -12.8 0.0 15.2 19.7 31.5 25.6 0.6 -6.2 -17.7 -17.7 -30.7 -31.7 -20.8 -50.6 -23.5 0.0 14.3 21.8 32.0 30.0 -8.9 -8.9 -7.2 -7.2 -27.1 -12.4 -22.5 -6.9 -49.1 0.0 13.3 13.0 36.1 28.6 -11.8 -6.9 -4.7 -4.7 -7.0 -15.1 -17.2 7.5 -20.8 0.0 7.0 16.0 38.3 38.1 -23.9 -13.0 -12.5 -12.5 -27.3 -41.3 26.8 25.9 -32.8 -23.5 -29.4 -26.0 -32.6 -20.7 12.6 12.0 -14.2 -5.6 -24.5 -17.2 -40.3 -36.2 -38.3 -17.1 -32.0 -26.1 -27.9 -22.0 17.9 10.5 -10.1 -10.5 -13.9 -18.1 -24.7 -35.3 -37.9 -23.6 -30.2 -29.6 -27.7 -22.4 18.8 18.8 -25.3 -13.4 -12.2 -18.3 -39.7 -34.5 -44.9 -38.6 -33.2 -40.2 -35.0 -31.5 16.9 12.8 -23.1 -27.0 -35.0 -37.9 -35.1 -38.9 -25.3 -15.1 -25.6 -25.4 -19.2 -9.1 30.5 25.7 -18.8 -5.3 -14.1 -4.5 -15.9 -10.9 -59.1 -50.6 -61.6 -48.5 -34.1 -6.3 24.6 24.0 -40.8 -31.0 -17.4 -31.1 -35.1 -38.4 -65.0 -55.9 -54.5 -55.5 -24.1 -23.7 20.2 5.4 -32.3 -23.4 -33.5 -27.3 -41.9 -34.0 -65.4 -62.2 -60.0 -58.4 -43.8 -22.3 23.5 0.4 -47.2 -53.1 -36.7 -39.3 -45.3 -37.6 -65.8 -57.0 -56.4 -31.6 -32.3 -28.4 -23.4 -26.2 -31.6 -32.9 -36.2 -29.8 -41.9 -30.9 -55.5 -40.2 -57.8 -40.3 -40.6 -31.8 -17.2 -4.2 -36.8 -31.2 -25.0 -29.8 -45.3 -32.7 -58.2 -47.1 -50.7 -44.3 -37.4 -20.9 -17.0 -14.3 -28.2 -39.9 -35.8 -39.9 -38.1 -50.8 -60.4 -26.0 -64.5 -53.5 -26.9 -15.7 -14.4 -18.8 -33.9 -24.2 -36.0 -63.1 -48.4 -53.1 -54.9 -48.2 -40.1 -32.0 -23.6 -25.7 -4.9 -15.0 -26.3 -36.7 -36.9 -38.0 -42.3 -37.1 -43.7 -26.8 -28.5 -27.0 -18.7 -16.7 -6.0 2.5 -27.1 -30.6 -33.4 -23.9 -42.3 -33.4 -40.5 -17.0 -37.7 -12.1 -27.3 -15.2 2.6 12.7 -32.1 -26.8 -30.1 -30.1 -29.6 -28.7 -33.3 -19.4 -17.4 -22.7 -26.3 -19.3 10.9 -13.8 -12.1 -22.9 -18.1 -23.9 -18.4 -21.9 -37.1 -42.9 -30.8 -43.6 -19.4 -22.7 3.5 -6.7 -29.2 -45.2 -9.0 -25.5 -16.6 -24.8 3. What have been the main factors contributing to changes in demand for lending? Current quarter Next quarter Current quarter (a2 )Capital Investments Next quarter Current quarter (a3) Inventory Finance Next quarter Current quarter (a4) Balance sheet restructuring Next quarter Current quarter (a5) Commercial Real Estate Next quarter Current quarter 4(a). How has the overall availability of credit to the corporate sector changed? Next quarter Current quarter Of which: Commercial real estate sector Next quarter 4(b). Factors contributing to changes in credit availability. Current quarter Changing economic outlook Next quarter Current quarter Changing sector specific risks Next quarter Current quarter Market share objectives Next quarter Current quarter Market pressures from capital markets Next quarter Current quarter Changing appetite for risk Next quarter Current quarter Tight wholesale funding conditions Next quarter Current quarter Changing liquidity conditions Next quarter (a1 )Merger and acquisition 14
  16. Table 3 (cont’d): Analysis on Corporate Lending 2014 QUESTION 4(c1 ). How have commercial property prices affected credit availability to the commercial real estate sector ? Current quarter Q1 -6.9 Next quarter -17.2 4(c2 ). How have commercial property prices affected secured lending to PNFCs? Current quarter -20.7 Next quarter -24.0 Current quarter 24.6 Next quarter 35.3 Current quarter 23.7 Next quarter 24.2 Current quarter 30.9 Next quarter 26.5 Current quarter -8.8 Next quarter -0.1 Current quarter -5.5 Next quarter 0.3 Current quarter -13.3 Next quarter -2.2 Current quarter -11.1 Next quarter -8.2 Current quarter -9.2 Next quarter -3.0 Current quarter -4.9 Next quarter 1.5 Current quarter -4.5 Next quarter 0.3 Current quarter -10.2 Next quarter -1.5 Current quarter -1.1 Next quarter -2.5 Current quarter -1.8 Next quarter -1.7 Current quarter 5.2 Next quarter 1.5 Current quarter 7.7 Next quarter -5.6 Current quarter 4.2 Next quarter -2.5 Current quarter -6.0 Next quarter -7.5 Current quarter -2.4 Next quarter -2.8 Current quarter 5.7 Next quarter 1.2 Current quarter 1.3 Next quarter 0.8 Current quarter -9.6 Next quarter -2.9 Current quarter -2.2 Next quarter 2.8 Current quarter -2.7 Next quarter -3.2 5(a). How has the proportion of loan applications from small businesses being approved changed? 5(b). How has the proportion of loan applications from medium PNFCs being approved changed? 5(c). How has the proportion of loan applications from large PNFCs being approved changed? 6(a1). How have spreads on loans to small businesses changed? 6(a2). How have fees/commissions on loans to small businesses changed? 6(a3). How have collataral requirements for loans to small businesses changed? 6(a4). How have maximum credit lines for loans to small businesses changed? 6(a5). How have Loan convenants for loans to small businesses changed? 6(b1). How have spreads on loans to medium PNFCs changed? 6(b2). How have fees/commissions on loans to medium PNFCs changed? 6(b3). How have collataral requirements for loans tomedium PNFCs changed? 6(b4). How have maximum credit lines for loans to medium PNFCs changed? 6(b5). How have Loan convenants for loans to medium PNFCs changed? 6(c1). How have spreads on loans to large PNFCs changed? 6(c2). How have fees/commissions on loans to large PNFCs changed? 6(c3). How have collataral requirements for loans to large PNFCs changed? 6(c4). How have maximum credit lines for loans tolarge PNFCs changed? 6(c5). How have Loan convenants for loans to large PNFCs changed? 6(d1). How have spreads on loans to OFCs changed? 6(d2). How have fees/commissions on loans toOFCs changed? 6(d3). How have collataral requirements for loans to OFCs changed? 6(d4). How have maximum credit lines for loans to OFCs changed? 6(d5). How have Loan convenants for loans toOFCs changed? 15 Q2 9.6 Q3 0.3 Q4 0.4 Q1 -5.0 2015 Q2 -1.1 Q3 -3.4 Q4 -6.6 Q1 7.2 2016 Q2 -13.8 Q3 10.1 Q4 7.6 Q1 -0.9 Q2 7.1 2017 Q3 -0.7 Q4 -18.8 3.4 6.7 -3.9 -1.1 -9.6 -15.5 -7.4 2.7 -13.8 0.7 7.2 -14.1 6.0 12.6 6.6 18.1 -11.7 -11.8 41.3 32.8 33.2 21.2 40.6 27.1 -6.5 -5.4 -9.9 -3.9 -20.5 -7.6 -6.4 -15.2 -14.6 -4.4 -8.8 4.7 -14.3 4.6 -11.0 0.0 -14.6 -7.8 -9.8 -9.0 6.9 -0.4 6.4 -5.4 -1.4 -1.0 -11.1 -9.0 -9.2 -8.5 8.6 0.0 -1.9 0.0 -0.4 0.0 -5.7 -4.4 -4.7 -4.4 -23.1 -10.3 24.3 9.0 23.0 -0.5 39.0 10.7 1.3 0.4 -4.1 0.0 -14.1 0.0 -0.1 -7.1 -15.8 -0.4 -7.1 4.5 -10.7 4.7 -9.2 0.0 -7.2 -3.8 -9.3 -1.0 7.1 -1.0 8.7 -5.3 -2.9 -0.9 -5.3 -0.4 -2.9 -0.9 9.3 0.0 0.2 0.0 1.2 0.0 -1.7 0.0 -0.4 0.0 -11.6 -13.5 34.5 36.9 36.2 39.0 30.2 37.3 -2.4 -4.2 0.0 -1.8 -0.8 -1.8 -10.0 -10.0 -2.4 -4.2 0.0 -2.2 0.0 0.0 4.9 -0.5 -1.5 -0.5 -2.4 -1.9 0.0 -0.5 0.0 1.7 -1.4 -3.6 -0.2 -2.4 -1.0 -3.6 0.0 -0.5 0.0 -0.6 -1.6 -1.6 -1.6 -4.1 -4.1 -4.1 -19.4 -2.8 27.4 7.4 29.4 -19.4 25.4 -1.8 5.0 -3.8 -2.4 -10.0 -6.2 -17.0 -18.4 -13.2 -10.6 -8.4 -9.2 -9.1 -8.3 -3.6 -13.6 -14.0 -8.5 -7.2 -4.2 -5.4 -5.3 -7.3 -2.4 0.3 -10.5 -10.7 -19.4 -1.6 -1.8 -4.4 0.1 -8.4 0.0 -1.4 -10.4 -8.9 -4.3 1.4 -4.2 -6.9 -16.8 -12.3 23.3 31.6 16.2 10.6 9.7 14.1 -5.2 1.6 0.0 -6.5 -11.0 -6.7 -5.3 -7.4 -4.0 -5.6 -3.6 -1.1 -8.6 -2.6 -14.5 -6.9 -3.5 -5.7 -8.5 -5.1 3.3 0.0 -8.5 -2.1 -8.3 -3.5 -5.0 -2.2 -8.0 -5.6 4.8 0.0 -3.4 -2.3 -4.0 -4.0 -1.2 -2.5 -4.0 -5.8 -14.9 -14.5 7.6 16.4 1.7 5.8 -3.6 -1.3 -9.5 -3.3 0.0 -6.3 -6.6 -6.6 -7.0 -7.5 -14.5 -5.7 -1.0 -2.5 -1.9 -6.2 -10.8 -8.9 -8.1 -5.4 -17.0 -6.4 0.3 -1.1 -8.1 0.0 -0.6 1.3 1.1 -2.5 -1.6 -1.1 0.8 -2.2 -2.1 0.0 -5.0 -4.4 3.8 -1.6 -5.1 -1.6 -23.0 -13.1 -14.4 10.8 -0.4 2.4 -0.5 -7.5 -21.2 -3.1 -21.2 -1.4 -18.9 -9.1 -3.3 -6.6 17.2 -4.7 -25.3 -11.5 -11.2 -11.8 -27.8 -8.7 -6.3 -3.1 9.0 -4.6 -10.7 -11.1 -17.7 -4.4 -24.5 -3.6 0.4 1.7 16.8 -3.3 -1.4 -13.8 -1.5 -6.1 -8.1 -8.6 -0.3 -2.0 -3.5 -4.0 -14.3 -14.3 0.2 17.8 -2.3 3.5 -6.3 -6.5 -2.2 -6.6 -5.5 -5.2 -41.6 -20.8 9.9 4.6 19.9 18.4 -8.6 -8.5 -11.1 -20.3 -23.7 -20.2 15.5 5.1 31.6 13.8 -5.0 -3.5 -17.8 -5.9 -16.1 -15.0 -6.0 7.3 -15.5 13.3 -5.9 -5.0 -10.5 -7.5 -17.5 -14.6 -4.8 -1.6 -14.3 -8.0 -13.9 -13.9 26.1 23.9 21.0 12.4 15.1 7.1 1.5 3.6 6.5 -0.3 -10.7 -10.4 -5.0 -4.0 -18.3 -14.7 -0.3 -4.1 -3.8 -15.5 -10.5 -10.9 -12.9 -4.3 -16.4 -14.2 1.0 1.2 1.6 1.3 -12.2 -5.0 -1.2 -2.6 -16.9 -12.7 1.5 1.5 -2.5 -2.5 -7.9 -3.9 1.9 -2.3 -15.2 -15.8 -5.7 -14.1 -12.7 -2.5 -6.9 -16.4 -12.6 -16.5 -9.0 -11.9 3.1 -5.0 -21.1 -26.1 7.7 7.6 -16.7 -17.9 -13.5 -12.2 -3.7 1.3 -21.8 -21.8 5.3 6.4 -19.9 -15.4 -6.3 -10.1 -4.8 -4.9 -14.3 -18.8 6.2 14.7 -9.6 -5.2 -5.4 -12.2 3.2 -6.8 -11.4 -18.2 18.4 8.2 -8.6 -7.2 -0.7 1.6 -3.7 11.6 -4.4 -2.1 7.8 -1.3 -11.9 -10.1 -2.4 -3.8 -32.0 -34.6 -7.7 -5.2 17.9 25.2 -12.2 -16.3 -3.6 -11.7 -34.0 -35.2 1.9 2.2 21.8 21.5 -1.8 9.7 -8.2 -8.5 -22.1 -34.0 2.7 -3.8 -13.0 20.1 -13.2 -6.1 -1.4 -4.0 -19.2 -30.5 4.2 2.0 -11.7 -19.2 -0.7 -6.1 0.2 2.2 -4.5 2.4 -5.8 -17.2 5.3 -7.5 4.1 -9.2 -12.8 -20.2 5.3 -1.2 -14.1 -19.6 -11.3 -19.3 -2.8 -4.5 -18.1 -23.2 1.0 6.2 -26.8 -23.3 -5.7 -12.0 -7.5 -3.8 -17.1 -15.6 11.0 7.7 -19.2 -18.5 -5.9 -10.3 -1.5 -4.1 -14.8 -15.3 8.4 2.0 -18.8 -19.4 17.0 19.8 10.9 23.1 -3.2 -4.9 -14.9 -23.6 -8.5 1.5 0.0 4.0 -16.1 -20.0 -2.8 -5.7 -24.2 -18.2 -6.0 -5.0 2.4 1.8 -17.9 -13.9 7.7 5.1 -11.6 -9.8 -2.5 1.5 0.1 3.9 -15.8 -13.8 1.4 2.5 -19.9 -9.8 -6.0 4.0 6.6 4.0 -14.9 -12.9 2.4 -1.9 -18.9 -16.9 -0.2 17.1 9.9 22.5 1.3 2.7 -2.4 -15.3 -0.4 1.8 0.4 -0.9 -11.5 -24.7 -5.7 -7.6 -15.1 -15.1 -1.5 -0.3 0.4 -3.1 -13.1 -25.7 -2.6 -0.4 -20.9 -18.6 -1.5 -0.5 -5.5 1.4 -11.3 -16.7 13.2 9.4 -13.2 -18.6 -0.5 -4.3 1.4 -2.4 -16.3 -7.8 2.0 -3.4 -16.9 -9.7 -6.6 -10.2 25.9 25.2 11.3 10.3 10.4 -6.2 4.6 0.0 -2.6 -5.1 -18.4 -2.9 2.4 11.3 -8.7 -12.9 -8.1 -23.8 7.5 -11.7 -12.6 -2.6 5.0 11.6 -21.7 -15.4 -11.0 -6.8 -9.3 -2.6 -12.7 -8.5 8.7 4.0 -12.7 -13.0 2.2 -0.9 -9.3 3.3 -6.7 -2.5 0.1 -14.2 -9.2 -16.7 -6.7 10.2 16.2 24.9 8.7 6.5 13.5 7.6 -4.7 -2.5 -11.8 -9.8 -21.2 -25.0 -0.4 3.6 13.6 10.0 -8.3 -6.3 -5.0 -10.4 -14.2 -21.5 10.9 7.4 14.8 6.9 -15.6 -17.0 -19.2 -2.3 -10.4 -17.6 4.4 -7.2 -7.0 -3.1 -8.3 -6.1 -4.5 -2.3 -3.1 -3.1 4.4 0.0 -7.0 -6.9 2018 Q1 3.2
  17. Table 3 (cont’d): Analysis on Corporate Lending QUESTIONS 7(a). How has the default rate on loans to small businesses changed? 7(b) How has the default rate on loans to medium PNFCs changed? 7(c). How has the default rate on loans to large PNFCs changed? 7(d). How has the default rate on loans to OFCs changed? 8(a). How have losses given default on loans to small businesses changed? 8(b). How have losses given default on loans to medium PNFCs changed? 8(c). How have losses given default on loans to large PNFCs changed? 8(d). How have losses given default on loans to OFCs changed? 9(a). Has there been a changed in average credit quality on newly aranged PNFCs borrowing facilities? 9(b). Has there been any change in target hold levels associated with corporate lending? 9(c). How have loan tenors on new corporate loans changed? 9(d). Has there been a change in draw down on committed lines by PNFCs? Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Current quarter Next quarter Q1 -11.5 -10.6 -21.6 -10.6 -25.8 -14.7 -16.9 -10.7 -16.1 -17.0 -22.3 -23.3 -28.9 -25.7 -19.0 -18.5 8.3 15.1 12.6 15.1 11.1 13.3 2.4 11.2 2014 Q2 Q3 14.3 -11.8 -2.7 1.8 -5.7 -21.6 -2.7 1.8 -21.7 -26.8 -12.4 -3.9 -10.9 -13.9 -12.9 -3.9 -3.4 -5.3 -14.2 -21.0 -15.0 -16.2 -11.7 -18.0 -19.1 -21.6 -16.3 -18.7 -24.3 -13.4 -14.7 -7.9 10.3 14.5 13.7 2.1 16.2 10.5 11.2 -4.6 11.5 6.7 3.7 -7.6 7.3 5.0 2.3 -3.4 16 Q4 -21.0 -22.8 -24.1 -27.7 -23.0 -25.8 -24.1 -27.7 -16.1 -14.2 -15.3 -15.2 -14.4 -15.8 -9.3 -11.5 9.8 12.1 3.5 7.4 0.7 -0.2 10.3 11.2 Q1 -7.4 -14.0 -11.3 -14.0 -17.2 -15.5 -10.3 -14.2 -9.4 -14.1 -11.4 -13.4 -17.3 -7.5 -1.2 -1.2 10.0 7.2 13.9 15.0 5.0 9.8 6.5 15.8 2015 Q2 Q3 4.7 5.7 -13.0 -6.9 -0.8 0.6 -17.4 -5.5 -21.6 -7.2 -10.4 -0.6 -7.7 3.2 -6.1 -4.8 -0.6 -1.1 -8.6 -13.3 1.5 0.8 -6.4 -13.2 -11.5 -11.5 -6.0 -10.9 -0.6 -1.0 -6.1 -1.6 0.1 15.0 6.0 9.8 6.2 14.7 9.7 12.1 5.5 10.7 2.5 10.7 -1.0 6.3 4.4 2.3 Q4 -8.9 -6.1 1.3 -6.1 -1.1 -2.0 -6.0 -3.4 -19.6 -10.2 -9.6 -10.1 3.2 -3.6 -1.2 -5.1 0.2 15.2 -2.0 7.8 15.5 4.7 -12.5 -0.1 Q1 6.6 -1.2 -1.2 0.8 -6.1 -0.8 3.3 0.5 -2.3 -22.1 -1.7 -22.3 -9.4 -14.3 2.8 -11.0 11.3 16.8 14.4 13.7 -15.8 -0.1 -3.2 0.1 2016 Q2 Q3 13.1 18.3 11.2 15.5 12.6 9.6 7.7 7.8 3.1 3.8 5.7 5.8 11.7 1.9 7.8 2.5 17.0 15.4 -0.1 -7.8 15.6 9.6 -2.3 -7.0 8.0 1.4 4.2 -0.9 13.9 8.3 6.5 0.8 21.7 11.3 13.8 8.1 19.7 8.3 17.5 3.1 13.7 3.8 15.8 6.1 11.5 -10.7 9.8 -4.0 Q4 4.1 7.2 12.9 -1.5 0.4 -2.7 1.2 2.5 5.2 -5.1 -3.8 -14.2 -10.1 -10.8 -3.1 -10.6 17.9 5.5 15.4 5.7 -1.1 -10.6 1.6 1.5 Q1 -9.8 -15.6 -0.3 -19.4 -1.0 -11.1 -4.0 -20.6 -2.8 -12.6 -2.5 -12.9 -10.2 -7.7 -3.9 -7.5 3.4 4.4 8.4 2.3 8.7 0.2 -0.4 -3.4 2017 Q2 Q3 2.1 -9.0 4.1 -14.5 2.1 -7.4 -5.4 -4.2 -11.2 -7.3 -26.8 -27.9 -20.7 -7.5 -21.5 -16.1 10.3 -2.2 -22.7 -11.8 6.1 -2.2 -20.3 -20.7 -0.9 -8.2 -16.3 -14.8 1.3 -2.3 -16.8 -15.2 2.7 9.7 -3.9 7.7 6.4 7.9 1.9 5.9 -13.0 -2.4 -29.7 2.4 8.9 -3.8 -4.9 -3.8 Q4 7.2 -18.5 -1.0 -18.1 -11.9 -7.7 -6.3 -6.6 14.8 -22.0 5.4 -22.3 -7.7 -25.5 -1.0 -5.4 12.8 4.5 10.7 6.5 -3.7 2.4 4.2 0.0 2018 Q1 -1.6 -1.6 -9.2 -16.9 -10.0 -1.5 -9.4 -17.0 -2.1 -15.9 -4.6 -20.1 -12.9 -4.8 -12.1 -19.4 9.6 11.3 15.5 10.8 1.6 8.3 -2.8 1.5