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K&H Bank SME confidence index improves for fourth quarter in a row

K&H Bank's SME confidence index rose for the fourth-consecutive quarter in Q4 2009, climbing 10 points to -4, the highest in four years, the K&H said.

The bank said the index improved as a result of positive economic-policy expectations, the expected decrease in taxes and improving customer relations.

K&H Bank surveyed managers surveyed at 700 companies

About 46% of SMEs believe that the government will conduct a more business-friendly policy, compared to the 25% three months before. Only 8% expect worsening business conditions.

About 63% of SMEs expect smaller, or unchanged taxes, while 27% expect more taxes. Most businesses believe that the 34-day payment deadline will decrease to 30 days in the coming 12 months. (MTI – Econews)