Friday May 29, 2020

Banks’ credit squeeze: two sides to the story

Banks’ credit squeeze: two sides to the story

17th July, 2010

The pool of credit available to small companies has dried up over the past two years, with the banks and small and medium-sized organisations (SMEs) disagreeing over the extent of the changes to lending practice.

The Credit Review Office (CRO) was set up last April to help address this problem.

It is designed to step in as an honest broker, to decide if banks are being unreasonable.

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