Improving financial conditions
Deloitte Belgian CFO Survey Q1-2010
The process of repair in the financial markets has generated an improvement in the cost and the availability of bank credit in the past 15 months.
Altough the cost of bank credit remains high, for the first time since the launch of the survey the net balance of CFOs who think credit is available became positive.
As a consequence, bank borrowing is continuing to regain popularity as a source of corporate funding with CFOs. The first quarter saw the largest improvement in the attractivess of bank borrowing since the the survey started. All three forms of finance - bank borrowing, equity and bond issuance - are rated as being attractive by a balance of CFOs.