Credit Agricole’s profit falls 39% on Banco BPM charge, higher costs

FRANKFURT, Feb 3 (Reuters) – Euro zone banks tightened access to corporate credit last quarter and expect to see further tightening ahead due to widespread economic uncertainty, partly related to trade policies, the European Central Bank’s quarterly Bank Lending Survey showed on Tuesday.
Lending growth to businesses and households has been accelerating for years but the rate of expansion still trails the pre-pandemic era, adding to evidence that the bloc’s economic expansion, while resilient, remains modest.
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