Factris: EU Banks to restrict lending to SMEs
· A regulatory framework for banks will soon change across Europe · SMEs trying to secure loans from banks will suffer the most from these changes · 70% of SMEs rely on bank loans, signalling trouble for millions of small businessesChanges in regulations across the EU will create new problems on small and medium-sized enterprises (SMEs) in an already difficult lending environment. These changes, set to take effect by 2022, will increase funding costs for banks and will thus make loans subject to increased scrutiny. This, in turn, means fewer loans will be issued to SMEs - especially