Stricter regulation could force European SMEs to rely more on non-banks for their financing needs>
Basel III and IV may make banks less willing to extend loans to SMEs. This could increase funding costs As a result, SMEs will need to seek out alternative financing.
Indian Elections: What policies should the new government put in place to boost business?
With the results of India’s general election, which began on last month, due on May 23rd, Euler Hermes identifies three steps the new government needs to take to boost business and ensure stronger and sustainable growth over the long-term.
New CO2 emission regulations in Europe: the perfect storm?
The most pressing threat ahead of Europe’s car industry is not Brexit or potential U.S. tariffs. It’s the EU’s own regulations for limiting carbon dioxide (CO2) emissions.
Days Sales Outstanding
In line with the economic slowdown, companies preemptively reduced payment delays in 2018, except for Mediterranean countries
SMEs in Europe lack an estimated 400bn of bank-financing
Small and Medium Enterprises (SMEs) represent more than 99% of all European non-financial corporates and depend on banks for 70% of their external financing. Besides generating close to 60% of total Gross Value Added, they employ over 90 million people. Euler Hermes’ new study focuses on SMEs as critical actors in the European economy; it estimates the bank financing gap for SMEs in the Eurozone as a whole and in six main countries: Germany, France, Italy, Spain, the Netherlands and Belgium.