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EACT survey on Borrowing Conditions |
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The EACT conducted a pan-European survey during June and July 2009 to establish how borrowing conditions and banking relationships for companies have changed in the current financial crisis since September 2008. 381 answers were received from 12 countries.
The key messages coming from the survey are: <!--[if !supportLists]-->· <!--[endif]-->Half of the companies surveyed have experienced at least one bank reducing existing credit lines <!--[if !supportLists]-->· <!--[endif]-->Nearly 30% of the companies have had at last one bank cancel credit lines <!--[if !supportLists]-->· <!--[endif]-->Banks have increased margins charged for the overwhelming majority (80%) of the companies surveyed <!--[if !supportLists]-->· <!--[endif]-->Margin increases have been at least 0.5% for one third of the companies <!--[if !supportLists]-->· <!--[endif]-->Banks have been relatively supportive in agreeing to increases in committed credit lines – 36% of the companies had made this request and in 64% of the cases the response was positive <!--[if !supportLists]-->· <!--[endif]-->Nearly half those surveyed do not see an end to the crisis earlier than 2011. Detailed analysis of the survey results is attached. Click Here |
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Last Updated ( Monday, 26 April 2010 )
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