SME forbearance and its implications for monetary and financial stability

Martin Arrowsmith (), Martin Griffiths (), Jeremy Franklin, Evan Wohlmann (), Garry Young and David Gregory ()
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Martin Arrowsmith: Bank of England
Martin Griffiths: Bank of England
Evan Wohlmann: Bank of England
David Gregory: Bank of England

Bank of England Quarterly Bulletin, 2013, vol. 53, issue 4, 296-303

Abstract: This article presents the results of an investigation into the extent of loan forbearance in the SME sector and its implications for productivity and financial system resilience. Around 6% of SME borrowers were estimated to be in receipt of some form of loan forbearance in March 2013. This accounted for around 14% of the major five UK banks’ exposure to this sector. SME forbearance appears to account for only a small proportion of the weakness in aggregate UK productivity and also seems unlikely to threaten financial system resilience.

Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:boe:qbullt:0117

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