Banks granted more loans to micro-entrepreneurs in April – BIK

In April 2023, compared with the same month last year, banks issued more loans to micro-entrepreneurs and for a larger amount, the Credit Information Bureau (BIK) reported on Tuesday.

"Banks made more loans to micro-entrepreneurs in April 2023 compared to April 2022, both in number (+10.6%) and in value (+6.1%). Banks issued fewer (-28.6%) investment loans only, but more overdrafts (+17.6%) and working capital loans (+7.4%)," the BIC said in a statement.

The largest increase in the number of loans issued in April on an annualized basis was observed in service finance (+15.1%) and construction (+9.7%). It was noted that positive growth also occurred in value terms, and in all sectors, loans to commercial companies (+17.3%) and construction (+7.8%).

Source: PAP