Bank Involvement with SMEs : Beyond Relationship Lending

de la Torre, Augusto ; Martí ; nez Perí ; a, Marí ; a Soledad ; Schmukler, Sergio L.

World Bank, Washington, DC

关键词: ACCESS TO CAPITAL;    ACCESS TO CREDIT;    ACCESS TO EXTERNAL FINANCE;    ACCESS TO FINANCE;    ACCOUNT MANAGEMENT;   

DOI  :  10.1596/1813-9450-4649
RP-ID  :  WPS4649

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

The "conventional wisdom" inacademic and policy circles argues that, while large andforeign banks are generally not interested in serving SMEs,small and niche banks have an advantage in doing so becausethey can overcome SME opaqueness through relationshiplending. This paper shows that there is a gap between thisview and what banks actually do. Banks perceive SMEs as acore and strategic business and seem well positioned toexpand their links with SMEs. The recent intensification ofbank involvement with SMEs in various emerging marketsdocumented in this paper is neither led by small or nichebanks nor highly dependent on relationship lending. Rather,all types of banks are catering to SMEs and larger,multiple-service banks have in fact a comparative advantagein offering a wide range of products and services on a largescale, through the use of new technologies, business models,and risk management systems.