In the picture (from left to right): Wim Mijs, Chief Executive, EBF; Daniel Cloquet, Director, Business Europe; Ulrike Rabmer-Koller, President, UEAPME; Ian Talbot, Deputy President, Eurochambres; Valdis Dombrovskis, EC Vice President; Luca Bertalot, Secretary General, EMF-ECBC; Herve Guider, General Manager, EACB; and Chris De Noose, Managing Director, ESBG. Photo: Bogdan Hoyaux




BRUSSELS, 6 June 2017 – The European Banking Federation, together with four other European banking associations (EAPB*, EACB, EMF-ECBC and ESBG), presented today a set of high-level principles regarding the communication between SMEs and banks around loan applications. The principles, developed in discussions with European SME organisations, aim at promoting high quality feedback on credit applications, enabling SME clients to better understand the reasons behind the bank’s decision. The ultimate goal is to contribute to a favourable environment for businesses in Europe by supporting the financing capacity, improving financial knowledge and enhancing access to finance for economically sound projects to ensure that SMEs can continue to grow for the benefit of Europe.