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Small and medium-sized enterprises are meant to be the machine that drives Europe’s growth-free markets to recovery. But each country’s environment for SME funding remains even more disparate than their economies.
In this special report, Euromoney investigates the challenges facing SMEs in Europe’s biggest markets, and looks at lessons that could be learnt and applied across the region. What can be done to encourage banks to lend? Which countries have the best capital market solutions? Can the state play a positive, proactive role?
Allegations against RBS’s treatment of struggling small and medium-sized enterprises have once again cast a harsh light on banks’ treatment of these companies. While banks deal with zombie borrowers and tout loans at fat margins to stellar SME credits that don’t want them, it is SMEs in the middle ground that need more help.Peter Lee and Louise Bowman report
Much of the funding of Germany’s economically vital SMEs continues to come from bank loans. Private placements and specialized bonds are of growing importance, but sometimes problematic from a risk point of view
Political imperatives are driving the background noise to UK SME finance. But the companies themselves don’t seem to be listening
ECB battles Basel rules in war for SME finance December 2013 Euromoney investigates whether the need to stimulate European SME financing will finally soften the regulatory treatment of ABS, which has now been deemed by the European Commission the vehicle through which the growth of bank lending can best be achieved.