Swiss small and medium-sized enterprises (SMEs) are encountering difficulties in obtaining credit after UBS acquired Credit Suisse.
Many companies are finding it challenging to secure loans, and there is a noticeable increase in dissatisfaction among corporate clients.
According to a recent survey conducted by Swissmem, 23% of its members are facing restrictive lending conditions, which is double the figure from the previous year.
In response to these challenges, numerous businesses are looking for alternative banking partners to diversify their sources of credit.
While UBS is taking a cautious approach to lending, other banks are actively positioning themselves to meet this demand.
The changing landscape of corporate credit in Switzerland highlights the mounting pressure on SMEs as they navigate a more complex financing environment.