Banks’ lending in South Africa to large corporate companies over the last five years grew at almost double the pace of that to SMEs, reveal Reserve Bank figures.

While lending to corporates expanded by 60% in the last five years (between November 2012 to November 2017), loans to SMEs grew at a slower 39%, but still faster than the overall expansion in credit of 32% over the same period (see Graphic 1, below), figures drawn from the Reserve Bank by Small Business Insight show.

Source: Small Business Instigt