In the first quarter of 2011 the companies that fail to meet their financial requirements increased (from 9.2% to 14.2%) compared to the previous quarter. This is the main result emerging from the Observatory on Credit for firms in the trade, tourism and services in the first quarter of 2011 carried out by Confcommercio-Imprese per l’Italia in collaboration with Format Research.
Among other research findings, the percentage of firms that were denied completely the request for funding is more than doubled (from 4% to 8.9%) among those who asked for a new credit or the renegotiation of an existing one, while the share of firms that had their demand for credit accepted (53.9%) was the lowest for two years now.
There remains also the negative perception of business as a supplier of credit by banks: the rising cost of funds, other conditions, banking services and the worsening of the guarantees required are, in fact, reflected in the worsening of all the related economic indicators.
The only element in contrast is the increase, albeit modest, in the number of companies able to meet their individual financial needs (from 51.1% to 52.7%).