Increase in SME loans until July
Recently, big firms are borrowing less than SMEs. SMEs continue their high liquidity with high borrowing. The leverage ratios of SMEs are deteriorating further while they are relatively getting better in corporate firms. The development of credits confirms this. The increase in currency- adjusted SME loans was 21.7 percent up to July, while corporate loans declined by 3.27 percent. We observe that the proportion of fixed assets financing is shifting to more short-term financing. The level of riskiness and the maturity mismatch increase mostly in largescale SMEs.