Business Lending 1981-2016
The chart below shows the ebb and flow of bank lending in Alberta since the fourth quarter of 1981. The 1980s witnessed a significant decline in business lending due to the decline of oil prices. Increased lending did not resume until 1995 and even then growth did not take off until 2004. This rapid spurt of lending finished in 2008 with the financial crisis, then soon resumed with a vengeance until slowing in 2015.