CCR Magazine

You are here  :Home arrow News arrow CMA retail banking market investigation update (SMEs)
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines


Commercial Credit News


CMA retail banking market investigation update (SMEs) PDF Print E-mail
Wednesday, 18 May 2016
Tracy Ewen, managing director of IGF Invoice Finance, comments on the provisional decision on remedies from the Competition and Markets Authority, from the perspective of small businesses:   “This provisional decision from the CMA showed that over 90% of SME business owners obtain their business loans from the same institution as their personal accounts due to a lack of competitive pressures. However, research from IGF has shown that 29% of small business owners are looking to alternative finance for their credit solutions, a higher figure than those seeking credit through a bank loan. It is therefore clear that SMEs have an appetite for these alternative options, such as invoice finance and peer-to-peer lending, outside of the traditional high street banks.

"Fewer SMEs are electing to go down the route of traditional banking options, owing to the wealth of bureaucracy and are instead seeking more targeted solutions for financial support. Businesses must be fully aware of the different credit sources available, and continue to seek high quality, tailored advice on the best alternative finance options for their business.”

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online


CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road

Registered in England No: 05483197