Relationship matters: Small businesses and their banks

Business bank customers, in particular small business people, are less impressed with their bank at the end of 2009, than at the end of 2008. This is according to research released by banking advisory firm, East & Partners.

Business banking sentiment overall has finished 2009 well down, falling 15.2 percent fall compared with one year ago. Small businesses in particular felt their relationship with their bank declined significantly throughout 2009, with sentiment falling by 30 percent. East & Partners believe that the key in 2010 for small businesses' relationship with their bank will be how the banks attempt to reverse the negative trend.

Coincidentally, the sentiment of larger businesses towards their banks remained strong over the same period.

Connect with us to receive updates throughout the day:

Like us on Facebok Follow us on Twitter

Dun and Bradstreet AustraliaTop of page Dun & Bradstreet Australia Pty Ltd 2015 | D&B Small Business    *About Us    *Sitemap    *Advertise    *Privacy    *Terms & Conditions