The EACB is happy to be part of a broad European industry initiative on SMEs’ Post-COVID Financial Health.
Small and medium sized businesses (SMEs) have been hard hit by the ongoing COVID pandemic, especially in high employment sectors. Banks have put in place a variety of solutions to help their clients, both in cooperation with and as a complement to public authorities’ measures. These measures have helped many companies. However, in some cases they may have deferred solvency problems into the future. The EACB, together with the other signatories of the declaration, therefore want to get together to discuss SMEs’ overall post-COVID business outlook and organise pan-European cross-sectoral national discussions to ensure a common understanding of the challenges and solutions and support initiatives by their members to organise cross-sectoral national meetings.
Read the joint statement here.