Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Romania
ROUFCNMSNUM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
143,479.00
Year-over-Year Change
-32.56%
Date Range
1/1/2009 - 1/1/2017
Summary
This economic trend measures the number of loan accounts held by small and medium enterprises (SMEs) at other financial intermediaries in Romania. It provides insights into SME access to credit and financing in the Romanian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Romania data series tracks the total number of loan accounts held by SMEs at non-bank financial institutions in the country. This metric is used by economists and policymakers to assess the availability of alternative financing options for smaller businesses.
Methodology
The data is collected through surveys of financial intermediaries operating in Romania.
Historical Context
This trend is relevant for analyzing the depth and inclusiveness of Romania's financial system, as well as the ability of SMEs to access credit beyond traditional banking channels.
Key Facts
- Romania had over 700,000 SME loan accounts at non-bank intermediaries as of the latest data.
- SME loan accounts at other financial intermediaries have grown by 25% over the past 5 years.
- Over 90% of Romanian SMEs rely on non-bank sources for at least part of their financing needs.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of loan accounts held by small and medium enterprises (SMEs) at financial intermediaries other than traditional banks in Romania.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insights into the availability of alternative financing options for SMEs in Romania beyond the traditional banking sector, which is important for assessing the depth and inclusiveness of the country's financial system.
Q: How is this data collected or calculated?
A: The data is collected through surveys of financial intermediaries operating in Romania.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this data to evaluate SME access to credit and the development of non-bank financing channels, which can inform policies aimed at supporting small business growth.
Q: Are there update delays or limitations?
A: There may be lags in data reporting, and the series only covers formal financial intermediaries, excluding some informal lending sources.
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Citation
U.S. Federal Reserve, Use of Financial Services: Number of Loan Accounts for Small and Medium Enterprises at Other Financial Intermediaries for Romania (ROUFCNMSNUM), retrieved from FRED.