Pity the SME sector in the Netherlands. By some measures, it’s harder to lay your hands on a bank loan if you’re a Dutch SME than it is for Greek smaller companies. According to the European Central Bank’s latest survey, the success of bank loan applications across the eurozone increased between April and September in all countries bar the Netherlands, France and Italy. The number of SMEs reporting “fully successful” applications was 87% in Germany and 81% in Finland, but was an unsettlingly low 32% in the Netherlands – compared with 33% in Greece.
Leontine Treur, economist at Rabobank, says she was surprised by the ECB data on Dutch SME loan applications.
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