Lloyds backs SME lending, but funding still in question

Lloyds Banking Group said on Wednesday it would lend at least £12bn to British small and medium-sized enterprises, keeping net lending positive. But SME market experts have warned that such lending can be extremely costly without government support.

  • 23 Nov 2011
A conference hosted by Fitch saw participants arguing that SME lending across Europe was suffering from an overhang from historical lending. “The root of the problem is simple,” said Matthias Neugebauer, director of European structured credit at Fitch Ratings. “The SME loans that banks need to fund were originated ...

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