Bank Loans And Small Firm Financing In Romania
According to a recent survey conducted by the European Commission, Europeansmall and medium size enterprises (SMEs) are highly dependent on bank loans when it comesto financing their activity and accomplishing their growth ambitions. Romanian smallenterprises make no exception. In 2011, on average 87% of Romanian SMEs borrowingsoriginate from bank loans. However due to the economic and financial crisis the RomanianSMEs access to credit has deteriorated considerably in comparison with the EU average.Since 2009 only 41% of SMEs managed to access bank loans. In this context, the presentpaper seeks to analyze the gap between the demand and supply of bank credit to SMEs inRomania between 2007 and 2011.
Volume (Year): 1 (2012)
Issue (Month): 14 ()
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