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Bank Loans And Small Firm Financing In Romania

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  • Daniela Rodica Silivestru(Popescu)

Abstract

According to a recent survey conducted by the European Commission, European small and medium size enterprises (SMEs) are highly dependent on bank loans when it comes to financing their activity and accomplishing their growth ambitions. Romanian small enterprises make no exception. In 2011, on average 87% of Romanian SMEs borrowings originate from bank loans. However due to the economic and financial crisis the Romanian SMEs 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 present paper seeks to analyze the gap between the demand and supply of bank credit to SMEs in Romania between 2007 and 2011.

Suggested Citation

  • Daniela Rodica Silivestru(Popescu), 2012. "Bank Loans And Small Firm Financing In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(14), pages 1-15.
    • Handle: RePEc:alu:journl:v:1:y:2012:i:14:p:15
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Namolosu Simona Mihaela, 2013. "Segmentation Of Sme Portfolio In Banking System," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 1786-1796, July.
    2. Giuca Simona-Mihaela, 2014. "Post-Launching Monitoring Activities For New Transactional Banking Products Addressed To Smes (Considerations)," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 998-1004, July.
    3. Agbemebia Akitan & Seydi Ababacar Dieng, 2020. "Bank Financing and Firms Performance in Sub-Saharan Africa: Evidence of Cameroon and Senegal," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 12(5), pages 1-42, May.
    4. Giuca Simona-Mihaela, 2014. "Identifying Product And Price Strategies For Designing Transactional Banking Packages Addressed To Smes (Considerations)," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 989-997, July.
    5. repec:agr:journl:v:3(604):y:2015:i:3(604):p:39-52 is not listed on IDEAS
    6. Dan Costin NIȚESCU, 2015. "A new beginning for SMEs development?," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(3(604), A), pages 39-52, Autumn.

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    Keywords

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    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers

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