Saturday, May 7, 2011

Emerging World's Loan Appetite Strong

Saturday, May 7, 2011

Banks in emerging markets report strong and growing demand for loans from consumers and businesses, a sharp contrast with weaker demand in developed countries, a first-of-its-kind survey found.

The report offered another reminder that many emerging-market economies are booming while the U.S., Europe and Japan recover only languidly from a severe recession.

The survey of senior lending officers in 45 emerging-market banks also found that Asian banks, particularly in China, tightened lending standards over the year's first quarter, especially for real-estate loans, under pressure from governments worried about potential property bubbles.

The new survey, similar to those conducted by central ...

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