Around four in 10 appeals made by small and medium sized enterprises against big banks' decisions were upheld in some form in the first year of a scheme introduced to help address concerns that lenders are not playing fair by business.
The findings of an independent review by Professor Russel Griggs could fuel concerns that SMEs have been getting a raw deal following moves by banks to rein in lending since the credit crunch.
A former chair of the CBI's SME council, Professor Griggs found 39.5% of 2177 appeals made to banks about credit applications in the year to April resulted in the lenders' modifying their decisions.
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