A higher percentage of banks expect lending standards to remain unchanged for businesses and households for the fourth quarter, according to a Bangko Sentral ng Pilipinas (BSP) bank lending survey citing 58 bank respondents.

For business loans, 86 percent of surveyed banks expect that they will likely maintain their lending standards, up from 78.9 percent in the third quarter.

The rest of the respondents are split between easing (3.5 percent) and tightening (10.5 percent).

Similarly, for household loans, 87.5 percent of banks expect to maintain lending standards, up from 77.5 percent in the previous quarter. Around 10.0 percent expect to tighten standards, while 2.5 percent may ease them.

Lending standards refer to the rules banks use when giving loans?like interest rates, loan size, collateral, loan conditions, and repayment terms. Bangko Sentral ng Pilipinas