The injection of easy money across the globe in recent years appears to be finding its way into the coffers of big business, according to a new survey of leading chief financial officers conducted by CNBC.
CNBC asked 51 CFOs from Europe and Asia who make up the CNBC CFO council to give their insight into the state of the world economy and the conditions they are currently finding for their business. An overwhelming amount signaled that credit conditions had significantly eased in their region, enabling them access to the cash they needed to invest.
Over 60 percent of respondents said that the health of credit availability to their firm was "strong," with 14 percent declaring it to be "very strong." Just one respondent in the survey said that credit was currently weak for their business.
Additionally, this showed a tick higher from the results of the last survey from CNBC, highlighting a trend for firms gaining easier access to capital.
"Certainly right now there is a lot of liquidity in the system..the markets are quite good for creditworthy companies," Kevin Entricken, CFO at Wolters Kluwer, told CNBC Monday. The chief financial officers at companies Statoil and Eurotunnel concurred, describing liquidity as being very good and applauding central banks for taking adequate steps and responsibility after the crisis.
Eurotunnel CFO Emmanuel Moulin added that the real issue now for the European Central Bank was making sure that small and medium-sized enterprises had the same access to capital as the big businesses do.