The EACT (European Association of Corporate Treasurers) releases the results of its annual survey of funding conditions for European companies. This confirms that whilst there are clear signs of improvement, companies still struggle to support their contribution to economic recovery with good access to bank finance. We hope you will be interested to see the short summary, which is supported by the detailed results. Between November 2012 and February 2013 the EACT conducted its fourth survey to provide a pan-European view of the impact of the financial crisis on the bank relationships of companies and on financing conditions for corporates. The survey received 516 answers from 18 countries. The distribution of the responses - which came from all major countries in the Europe - is shown below [1]. The key messages coming from the survey are:
Commenting on the survey results, EACT Chairman Richard Raeburn said: "Our survey underlines that funding conditions remain challenging for companies across Europe. Whilst there is evidence of improvement it is disappointing to see confirmation that whilst businesses seek to grow economic activity and build employment financing that growth remains difficult". Full survey results can be found here. [1] Responses by country: Austria: 5; Belgium : 1; Czech Republic : 16; Finland: 20; France : 86; Germany : 23; Hungary: 16; Ireland : 32; Italy : 46; Luxembourg: 1; Netherlands : 54; Poland : 34; Slovakia: 13; Slovenia: 34; Spain : 45; Sweden : 12; Switzerland: 33; United Kingdom : 45
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