Small and Medium Entreprises (SMEs) represent around 99% of all businesses in the European Union, and they are more ‘informationally opaque’ – keeping their information private – and also more risky, more financially constrained and more dependent on banks than large firms. This creates serious challenges for lenders, says Lars Norden. Lars Norden, endowed professor of Banking and Finance at Rotterdam School of Management, Erasmus University (RSM) will give his inaugural address, The Role of Banks in SME Finance, on Friday 20 February 2015.


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