ENP Newswire -
Release date- 18072014 - Bank lending to small and medium-sized enterprises (SMEs), in particular small loans, contracted towards the end of last year.
Whereas the total sum of outstanding loans to SMEs in the fourth quarter of 2013 was 0.9% lower than in the three preceding quarters, the category of loans up to
This is shown by new statistics on SME lending compiled by
SME lending has been a topic of much debate lately. Small enterprises report having difficulty in obtaining credit, in part because banks pay closer attention to the risks involved. However, the crisis has eroded the financial position of many SMEs, potentially undermining their creditworthiness. Reduced demand for credit is another major factor causing the lending volume to contract. Until now, a lack of proper data on SME bank lending meant the issue was difficult to analyse.
Insight into SME lending
DNB has introduced new statistics with a view to obtaining a deeper understanding of the development of SME lending in
Many SMEs are affected by the sharp contraction of small loans
At the end of 2013, bank exposure to SMEs in
In particular, the volume of smaller loans - up to
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