British lenders expect loan defaults to rise in the fourth quarter, according to Credit Conditions Survey from the Bank of England, released Thursday.
Lenders reported that the default rates on secured loans to households remained unchanged in the third quarter but was expected to increase in the fourth quarter.
At the same time, default rates for total unsecured lending decreased in the third quarter but were forecast to climb in the quarter ahead.
Defaults rates on loans to corporates remained unchanged for small businesses in the third quarter but increased for medium and large businesses. These balances were expected to increase for all business sizes in the fourth quarter.
The quarterly survey was conducted between September 1 and 18.
Lenders expect secured credit availability to households to remain stable over the next three months, while the availability of unsecured credit was forecast to decline. The supply of credit to the corporate sector was expected to drop in the fourth quarter.
Lenders reported that demand for secured lending for house purchases will remain unchanged in the fourth quarter and that for unsecured lending to increase.
Demand for corporate lending was expected to decrease for small and large businesses in the fourth quarter, but was expected to increase slightly for medium-sized businesses.
The material has been provided by InstaForex Company – www.instaforex.com
🚀If you want to get a Forex Robot Coded as per your trading strategy but are unable to do so because of the high price for the Robot then you can take advantage of the CROWD FUNDING campaigns feature. ✔ These are some crowd funding campaigns for Forex Robots, which when completed can provide the very same Forex Robot to the participants at an average price of $5-$10 per participant. ✔ You either participate in one of the already listed campaigns or send us your Forex strategy : Submit Crowd Funding Campaign , for which you would like the Forex Robot to be coded. A Crowd Funding Campaign would then be started for the same . ✔ All you have to do later on is to share the campaign online with your friends to encourage more people to participate in the campaign.
As a result, each participant can get that Forex robot for just a campaign contribution of $5 (which is the minimum). Participants can back the campaign by anything above or equal to $5 to reach the funding goal to close the campaign.