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LATEST NEWS & EVENTS Banks are 'unsupportive', businesses say  More businesses feel that banks are being unsupportive, according to new figures from the corporate insolvency body R3. One in four (24 per cent) companies strongly disagree that banks are supportive, up seven per cent from September 2010, the organisation's latest Business Distress Index reveals. The survey also reveals that the same percentage of firms is worried about their debts. R3 president Frances Coulson says the findings indicate that a growing proportion of the business community are either struggling to service existing debts or finding it hard to acquire additional lines of credit. "As we have seen in previous recessions, once the economy begins to show signs of recovery creditors tend to make a more concerted effort to pursue those who are indebted to them and tighten up their lending facilities," she said. However, she added, the economy is still in the early stages of recovery and it takes time for businesses to feel the effects. One of the main issues identified by the survey is the concern among many firms about bank loans. Of the 24 per cent of firms worried about debts and potential corporate insolvency, 43 per cent cite bank loans as their prime concern. Posted by Alex McLean 
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