Responsible for various banks, gathered in a meeting organized by the newspaper El Pais, consider that “For several years the credit will be content,” about the apparent reduction in lending to small and medium enterprises (estimated by some analysts by 31% compared to 2011).

With a third of SMEs have problems to access to credit, banking officials do not see a rapid change in the trends: the high debt consider Spanish (256% of GDP) will hinder any chance of recovery.

The sectors most affected by the drought of funding are industrial companies (35%) and construction (65%).

Although they considered that “the crisis is going to happen,” banking officials argue that the era of cheap credit will not return because … Read More