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Bank lending to European businesses now 25% lower than pre-credit crunch, hampering return to economic growth

Bank lending to the private sector in Europe is now on average 25% lower last year than it was before the financial crisis, hampering European economies’ return to economic growth, reveals a new study by UHY, the international accounting and consultancy network. According to UHY, in 2016 a total of USD 12.2 trillion was lent to businesses in the European economies studied – down from USD 16.3 trillion in 2008. By contrast, on average across all the 24 countries studied around the world, private sector bank lending increased by 24% over the same period in absolute terms.

Consolidation of financial statements

Consolidated financial statements represent financial statements of a group, which consists of several separate legal entities: a parent company and one or more subsidiaries. The purpose is to present financial position and operating results of companies within a group as they were a single company.

Invest in Croatia

When foreign investors found or participate in companies in Croatia, they gain rights and take on responsibilities under the same conditions and have the same status as domestic investors. Everything relating to relationships between domestic investors also relates to foreigners when they invest capital. Read more on hot to invest in Croatia...

Establishing a business in Croatia

Anyone can set up a business in Croatia – irrespective of nationality or place of residence. There is no specific investment legislation in Croatia, nor a minimum percentage of Croatian shareholdings required for foreign entrepreneurs setting up business in Croatia. Read more on how to establish a business in Croatia...

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Bank lending to European businesses now 25% lower than pre-credit crunch, hampering return to economic growth

Bank lending to the private sector in Europe is now on average 25% lower last year than it was before the financial crisis, hampering European economies’ return to economic growth, reveals a new study by UHY, the international accounting and consultancy network. According to UHY, in 2016 a total of USD 12.2 trillion was lent to businesses in the European economies studied – down from USD 16.3 trillion in 2008. By contrast, on average across all the 24 countries studied around the world, private sector bank lending increased by 24% over the same period in absolute terms.

...

News UHY

Consolidation of financial statements

Consolidated financial statements represent financial statements of a group, which consists of several separate legal entities: a parent company and one or more subsidiaries. The purpose is to present financial position and operating results of companies within a group as they were a single company.

...
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