European banking associations present high level principles for banks’ feedback on SME credit applications

08 June 2017

The European Association of Public Banks, together with four other European banking associations (EBF, 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.