Banks Plan Increase in Small Business Lending

Approximately three-quarters of bankers anticipate their banks will increase their level of small business lending, according to a new survey.

The survey, by bank consulting and training provider Omega Performance, found that 74 percent of the bankers it polled around the world said their banks are likely to increase their small business lending. In the U.S., the number was slightly higher, at 77 percent. Small business also dominated the areas that banks are planning to actively pursue, at 76 percent globally, and 78 percent in the U.S.

The plans for increased lending are closely linked to improved outlook for the general economy. The survey found that 69 percent of the global bankers polled said the economy would improve over the course of 2012. Bankers also listed credit training as being high on their list of priorities for 2012, with 92 percent of bankers citing its importance this year.

For the full survey results, visit http://www.omega-performance.com/surveys.

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