Funding small business investment should be core to banking’s function in society, but for many banks these are unattractive borrowers – risky, small and idiosyncratic. As the chief executive of one of Europe’s biggest banks tells Euromoney, it is much harder to lend to the shop around the corner than to BP. So why bother?
Up to now Europe’s biggest listed banks have not bothered much with small and medium-sized enterprises, compared with the continent’s mutual and savings banks.
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