SME fightback hobbled by financing shortfall – The Examiner

SME fightback hobbled by financing shortfall

Thursday, January 02, 2014   –  By Kyran Fitzgerald – The Examiner

“Estimates suggest that as much as €25bn in loans to the sector could be categorised as troubled; that is, one half of the total funds lent to SMEs. Many businesses are clinging on by their fingernails. Bank lenders, when not pressing hard for repayment, are a bundle of nerves, fearful of adding to their bad debt burden.”

Read full article here The Examiner

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Alex Templeton speaking at ECOBATE - UK - 2013

Councils should "bring local banks into being" so they can become "powerful partners" and promote economic, social and environmental benefits to their communities.

Published on Mar 21, 2013 Speaking at the 2nd European Conference on Banking and the Economy (ECOBATE) in Winchester, Alex Templeton, Director of the Farm Energy Project, explains how a disfunctional financial system has made it harder to lend to small businesses which in turn impacts communities.

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