Tighter lending conditions and risk aversion within the Scottish banking sector may be holding back economic recovery in Scotland.
KPMG’s first Scotland Business Instinct Survey of 90 of the country’s largest businesses found 59% of respondents thought banks were still too risk averse in their lending policy.
A total of 44% of the firms which responded also said it was harder to borrow now than 12 months ago, and 27% said securing new debt facilities took too long.
Bruce Walker, head of debt advisory at KPMG in Scotland, said: “Although we are now starting to see signs of recovery in the UK economy, it is clear businesses remain concerned about a lack of access to much needed funding.”
