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EU urged to retain preferential treatment in lending to SMEs
Banks and industry groups maintain that capital discount is important for SMEs
Add BT as a preferred sourcePublished Fri, Oct 9, 2015 · 09:50 PM
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London
BANKS pressed European Union regulators to preserve preferential capital treatment for loans to small businesses, as the 28-nation bloc's politicians try to boost SME financing and kick-start growth.
The EU needs to retain a "supporting factor" in EU bank-capital rules for loans to small and medium-sized companies that recognises their limited alternatives to bank financing, industry groups from across the bloc said in their responses to a European Commission consultation that ended on Oct 7.
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