Businesses say corporate banking "supportive"

Corporate banking groups are "supportive" of enterprises, according to 44 per cent of owners questioned in a new study.

R3, the Association of Business Recovery Professionals, reveals despite reports of obstacles to obtaining credit, a significant proportion of company heads feel they have been backed up by corporate banking services.

Less than two-in-ten (17 per cent) owners strongly disagreed financial groups had been supportive, with R3 president Steven Law suggesting this indicates "the presence of a vocal minority".

Some corporate banking firms may have suffered from negative public opinion following the global downturn, with blame apportioned due to risky loans and unsecured mortgages being granted.

Mr Law observes: "In the last downturn, banks swiftly removed facilities; this time they are working with businesses - granting holidays on loan payments and extending loan periods."

The organisation supports firms and individuals struggling with financial difficulties, as well as providing training for those working with insolvency and business recovery.  ADNFCR-2318-ID-800256213-ADNFCR