Five European banking associations (EBF, EACB, EAPB, ESBG and EMF-ECBC) on Tuesday 6 June formally adopted high-level principles to improve dialogue between banks and SMEs regarding loan applications.
SMEs often struggle to obtain funding from banks and when they do not get appropriate feedback about the reason they have been unsuccessful, this hinders any future attempt and thereby hampers growth. This is the initial observation that prompted the European Commission to invite the financial...