Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 06, 2012 17:53:28

Banks in the U.S. again in the large households and businesses úverujú

ColosseumAccording to Central Bank data, the total volume of consumer and corporate loans in the U.S. at the end of July at 7.1 trillion dollars. It is only 2.9% below the track record from October 2008 which was received into full stream of the financial crisis. Banks are more willing to lend more, thanks to the improvement of financial situation of borrowers. The ratio of debt repayments and interest to the total available income of households is the lowest since 1994. Consumers liked the record-low interest rates. The Fed plans to raise rates at least until 2014. It is anticipated a further increase in credit activity, which could promote the economic growth of the United States.

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