The results shown are calculated as a percentage of the number of banks which did not reply “not applicable”.
BIS central bankers’ speeches  3  The effects of APP appear to be stronger still when looking at the impact on credit terms and conditions (loans to enterprises: –29%, housing loans: –13%, consumer credit and other lending to households: –22%; see Chart 24b), and the reported easing in terms and conditions for enterprises is generally larger than reported in the previous survey round.