Fall in Swedish Corporate lendingSaturday, 08 October 2011
Swedish banks no longer lend out as much money to businesses as would have been expected.
Lending growth has made a significant turnaround, the first since 2008, according to Swedish business daily Dagens Industri.
AdvertisementIt is the unsettled economic situation that has made companies uncertain, and many are now waiting with their investment plans.
Organisation, Almi has done a survey of 150 bank branch managers. Three out of the four branch offices report that lending in the third quarter were flat or declined.
Not long ago credit assessment a agency accused Swedish banks of being too big for their economy with lots of money layng their bank and not being used.Although Swedish banks are very discriminatory in their lending habits, this time it turns out that it is corporations that are not applying for funding.
By Scancomark.se Team
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