Template-Type: ReDIF-Paper 1.0

Author-Name: Tanja Jakimova
Author-Name-First: Tanja 
Author-Name-Last: Jakimova
Author-Email: mailto:jakimovat@nbrm.mk
Author-Workplace-Name: National Bank of the Republic of North Macedonia
Author-Name: Neda Popovska Kamnar
Author-Name-First: Neda 
Author-Name-Last: Popovska Kamnar
Author-Email: popovskan@nbrm.mk
Author-Workplace-Name: National Bank of the Republic of North Macedonia

Title: Bank financing to SMEs in the Republic of North Macedonia: Evidence from Survey Data

Abstract: This paper presents the main findings of the Survey for bank financing to small and medium enterprises (SMEs). The key objective was to capture the main features of the “supply side” of SMEs financing in the Republic of North Macedonia and to identify institutional and policy constraints of banks involvement with SMEs. The findings reveals that banks considered SMEs lending market as large, competitive, not very saturated, but with very positive outlook. While the main driver for bank involvement with SMEs sector is profitability and the good prospects of the SME segment, a number of obstacles are present, including SME-related factors, macroeconomic factors, legal and contractual environment and some bank-specific factors. The overall conclusion is that SMEs access to finance should be further supported and encouraged in order to increase their contribution to growth of the economy.

Length: 33
Creation-Date: 2019
File-URL: http://www.nbrm.mk/content/Bank-financing-SMEs-RNM_Evidence-from-Survey-Data-WP1-2019.pdf
File-Format: Application/pdf
File-Function: First version, 2019
Number: 2019-01
Classification-JEL: G20
Keywords: small and medium enterprises, bank finance, survey data
Handle: RePEc:mae:wpaper:2019-01