37
projects may also contribute to reactivating
the economy.
Transparency and lending
Important areas of concern in corporate lend-
ing are the speed at which the loan requests
are handled and the communication in rela-
tion to them. In the past few months it has
become clear that the few entrepreneurs
whose loan requests are rejected would like to
know why.
Therefore the financial institutions have
undertaken within the Business Financing
Platform, a discussion group of financial in-
stitutions and companies within Febelfin, to
answer a well-documented loan request with-
in fourteen bank office days.
Both for private loans and for consumer loans,
granting a loan and the associated criteria
are very strictly regulated. Those criteria are
stated in the “Principles to handle and grant
consumer and mortgage loans in a responsible
manner”. For corporate lending there is the
“
Code of conduct between banks and compa-
nies in the framework of lending”.
>
Lending
+30.4%
+19.8%
■
End of 2007
■
September 2012
Corporate
lending
Lending to
households
139.3
181.7
97.1
116.2
DEVELOPMENT OF THE LOAN VOLUME
IN BILLION EUR
(
SOURCE: NBB)
The financial sector fulfils its role as
the economy’s sponsor. At the end of
2011,
the market of lending to house-
holds and that of corporate loans had
grown by respectively 30.4% and 19.8%
as compared with the end of 2007.