Credit Steers Bank Relationships

By Mark Brousseau

The 2008 Treasury Survey by Treasolution Inc. confirms what lockbox providers have long suspected: corporate bank relationships are influenced by credit facilities.

Sixty percent of all respondents to the survey said their bank relationships are influenced by their credit facility, while 24 percent of respondents said their credit facility didn’t influence their bank relationships. Sixteen percent of respondents to the survey said their company didn’t have a credit facility.

Among respondents that had credit facilities, a whopping 72 percent of companies said they influenced their bank relationships, while 28 percent said they didn’t.

Does your corporate credit facility influence your bank relationships? Post your comment.