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Czech Republic: SME Suffer from Credit Crunch

Published: August 24, 2013; 19:18 · (Vindobona)

The recession in the Czech Republic is mainly due to the restrictive lending policy of the domestic banking sector.

Czech Republic: SME Suffer from Credit Crunch / Picture: © Flickr

According to a survey issued by the Czech National Bank, banks tightened their credit standards in all the monitored credit market segments in 2013 Q2. More than 50% of the Czech companies say that banks are pursuing a more restrictive lending policy. As a result, Czech companies are not able to invest in new production facilities. Only 20% of the interviewees are willing…

This article includes a total of 254 words.

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