India, April 28 -- Eurozone banks plan to tighten credit standards in the second quarter amid geopolitical tensions, energy developments and higher funding costs, the Bank Lending Survey results from the European Central Bank showed Tuesday.
Loan approval criteria for enterprises, households for house purchases and consumer credit were tightened in the first quarter, driven by higher perceived risks and lower risk tolerance. Banks also intend to tighten the conditions in the second quarter.
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