1. Belgian Finance Club, january 23 2014 Geert Janssens The future of SME-finance

2. VKW-survey: Is credit rationed?

3. Kefik-survey: Are you credit rationed?

4. VKW-survey: What is problematic?

5. Kefik-survey: Do you know your rating?

7. Equity capital ratio

8. VKW-survey: Banks advise to look around

9. Credit shortage looming large Source: Deutsche Bank

10. Alternatives to bank finance? Source: VKW Metena

12. New vehicles for SME loans

13. The future? More diversity: –new funds, private equity, insurance companies, mezzanine,… –More debt instruments, market finance,… Credit unions p-2-p lending, crowdfunding,… Asset based lending New banks?