Bank financing for SMEs from 2014 to 2019: effect of changes in the law on lending

Article published in the Economic Review of June 2020

Introduced in 2014, the Law on financing for small and medium-sized enterprises was designed to facilitate their access to bank loans, by specifying the transparency obligations imposed on lenders and borrowers. The dynamics of lending show that borrowing conditions were particularly favourable for SMEs up until early 2020, without bringing to light any specific effects of the Law.

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From 2019 onwards, the articles from the Economic Review are published in French and Dutch in the form of digests, their full version being available only in English.