The role of banks in supporting the real economy
Le fifteenth issue of our Sustainability Focus.
Les SMEs are increasingly attracting governments’ attention as a source of economic growth and employment. However, access to finance is consistently cited as one of the top obstacles to unlocking the segment’s growth and employment potential. Vigeo analyzed banks’ efforts to support local development through the support to SMEs and business start-ups. The assessment was conducted on 200 banks in four geographic regions. What emerges from our analysis is that supporting access to credit for SMEs appears as a common practice among banks across the four zones but the limited disclosure on indicators measuring the effectiveness of banks’ efforts questions the sector’s ability to capture the full potential of this market.