Banking: Retreat from Everywhere! Lack of Funding for Businesses

Posted by Joachim Bartels | Apr 25, 2012 | Australia, SME Access to Finance Issue, Uncategorized | 0 |

According to the Economist the world’s lenders are pulling back to their home markets. In March the Reserve Bank of Australia revealed that the departure of European lenders had left an AUS$34 billion funding gap in the syndicated loan market for local companies. The story is similar in the Middle East, where a rush this year to issue Islamic bonds is attributed to a withdrawal of European lenders. HSBC is offloading business from Costa Rica to Pakistan.

Source: Economist April 21^st 2012

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

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