Lucky Swedish SMEs. Talk to any of the leading Swedish banks and they will insist that access to funding is not something that keeps the region’s smaller and medium-sized companies awake at night. That, they say, is in part a legacy of the Swedish banking crisis of the early 1990s, which meant that the country’s banks were much better equipped to manage the recent downturn than many of their competitors elsewhere in Europe.
“We learned our lessons in the 1990s,” says Elisabeth Olin, Nordea’s head of retail banking in Sweden.
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