Big banks miss out on growth as nimble lenders pounce
Big banks are missing out on lending to growth areas of the economy such as infrastructure, hospitality, health and construction as lenders with more flexibility swoop in and take business the incumbents can’t or won’t lend to.
Specialised lenders say the incumbents are either unable to take on new business or taking too long to decide whether or not to grant businesses finance, giving them an economic tailwind as the credit squeeze takes hold.
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