Credit standards for loans to enterprises broadly stabilising.

Continued easing of credit terms and conditions across all loan categories.

Easing impact of TLTROs on credit standards increased.

According to the January 2017 bank lending survey (BLS), credit standards (i.e. banks' internal guidelines or loan approval criteria) for loans to enterprises tightened somewhat in net terms in the fourth quarter of 2016 (a net percentage of 3%, compared with 0% in the previous quarter), driven mainly by developments in the Netherlands. This was the first net tightening since the fourth quarter of 2013 and was broadly in line with expectations in the previous survey round.