The volume of credit granted to companies in Spain increased by 6% in the first quarter of 2017, according to data from DBK Informa Observatorio Sectorial DBK, coverd by Cinco Días. SMEs are responsible for most of the movement in this indicator, which is forecasted to pick up in the second quarter this year.
This growth is taking place in a context with rising corporate profit and a favorable macroeconomic situation. Corporate lending will reach €343 billion for the year. The SME sector is largely behind this positive trend as lending to SMEs greatly increased the demand for credit in the first half of the year.
Furthermore, in 2016, the five biggest depository institutions in terms of outstanding credit volume to companies together make up 60% of the funds lent to companies. The amount of credit operations over one million euros fell by 33%, while those under one million rose by 2.7%.
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