💼Around 85% of large and mid-market banks are maintaining unchanged lending standards.
💸Weaker loan demand is seen in almost all loan categories.
📉Santander experienced a deceleration in loan growth in 2023.
🔝Consumers remain optimistic and confident about their financial prosperity.
🚗Affordability concerns affect loan demand for cars, but there is pent-up demand.
Are banks changing their lending standards?
—No, around 85% of large and mid-market banks are leaving lending standards unchanged.
How is Santander affected by loan demand?
—Santander saw a deceleration in loan growth in 2023, but is still optimistic about the market.
What is the consumer sentiment regarding financial prosperity?
—Consumers remain confident and optimistic about achieving their financial goals.
Are there challenges in the car loan market?
—Affordability concerns due to high prices and interest rates impact loan demand, but there is pent-up demand.
What are the key insights from the survey?
—The key insights are: banks maintaining lending standards, weaker loan demand in various categories, Santander's loan growth deceleration, consumer optimism about financial prosperity, and affordability challenges impacting car loan demand.
00:00Banks are maintaining unchanged lending standards despite weaker loan demand.
00:08Santander experienced a deceleration in loan growth in 2023.
00:58Consumer sentiment remains confident and optimistic about financial prosperity.
03:45Affordability concerns affect loan demand for cars, but there is pent-up demand.
05:23Some challenges exist in the commercial real estate sector, particularly in the office space.
