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SME F inance for Internationalisation

SME F inance for Internationalisation. Erich Kühnelt Wirtschaftskammer Österreich (WKÖ) Austrian Federal Economic Chamber. Wirtschaftskammer Österreich. public law Chamber with currently 440.000 members social and economic partner in Austria

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SME F inance for Internationalisation

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  1. SME FinanceforInternationalisation Erich Kühnelt Wirtschaftskammer Österreich (WKÖ) Austrian Federal EconomicChamber

  2. Wirtschaftskammer Österreich • publiclawChamberwithcurrently 440.000 members • socialandeconomicpartner in Austria • Givesadvicetocompanies in questionsoffinance • operates ADVANTAGE AUSTRIA as an Internationalization Agency for Austrian businesses • 115 offices in 70 countries, runbychambertradeprofessionals, actingas Commercial Counsellorsof Austrian Embassies, employing 800 peopleof 81 nationalities • 20.000 Austrian companiesareservicedeveryyear • serviceandinformationactivities(likeevents) • „go international“: variousactivitiestosupportinternationalisation, co-sponsoredbyMinistryof Economy

  3. Access tofinance – currentsituation • loanfinanceasmostimportantexternalsourceoffinance • demandside: companiesreluctanttoinvest due touncertaintiesovereconomicoutlook (debtcrisis) • supplyside: • banksaredeleveraging due torefinancingconditionsforbanksand Basel III; EBA goalofincreasedcapitalfor 70 systemicallyimportantbanks per June 30th • banksarecautious in loanpolicy due touncertaineconomicoutlook • banksdemandmorecollateralandhavetightenedlendingstandards

  4. necessaryactions • Basel III: • reductionofriskweightsfor SMEs andincreasingtheretailthresholdupto 2 Mio € • preventionof negative effects on tradefinance • preservationofthe diverse bankingstructure in Europe (big, medium-sizedandsmallbanks) • EU Guarantee Fund for MFF 2014 – 2020 • counter-guaranteesfor national/regional guaranteeinstitutions • Commissionintendstomakemoreuseoffinancialinstruments in 2014 – 2020 • promotionof alternatives tobankfinancing (venturecapital, mezzaninefinance, etc)

  5. necessaryactions • short-termexportcreditinsurance: simplifiedandfasterprocedureforapplicationof „escapeclause“ forsituationsofmarketfailure (Commission Communication on shorttermexportinsurance)

  6. thankyouforyourattention Erich Kühnelt Wirtschaftskammer Österreich Tel. +43 5 90 900-3739 e-mail: erich.kuehnelt@wko.at

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