Euro zone banks tighten credit access amid pandemic worries

Euro zone banks tighten credit access amid pandemic worries

Reuters | Frankfurt

The Daily Tribune - www.newsofbahrain.com

Banks in the euro zone curtailed access to corporate credit in the third quarter and expect to tighten further as they grow increasingly worried about a fresh wave of the coronavirus pandemic, a European Central Bank survey showed on Tuesday.

With governments once again restricting activity, banks are worried about rising credit risk. The pandemic is challenging expectations for a relatively