Small and medium-sized enterprises (SMEs) are still underserved by banks, liquidity constraints representing a crucial concern. About 40% of SMEs in developing countries have an unmet financing need of $5.2 trillion every year. In the European Union, which is home to over 25 million SMEs, more half of them believe their business, severely hit by the pandemic, might not survive another year.
The smaller a business is, the bigger its pressure. When is this need of finance urgent – and how to address this challenge? And what’s to be done to fix this complicated relationship between banks and SMEs?
We tried to understand the obstacles and sources of pressure bankers have in mind when addressing SMEs, as well as their potential areas of growth and solutions for this segment of customers. To achieve this, we have partnered with Efma to run a survey of 40 SME bankers around the globe. We are inviting you to find out the results of this survey. Enjoy the read!