European Central Bank published the report on changes in the financial situation, financing needs and access to financing of small and medium-sized enterprises (SMEs) in the euro area in the six months from October 2014 to March 2015, as well as comparing the situation of SMEs with that of large enterprises. SMEs reported an improvement in the availability of external sources of finance; the general economic outlook had a smaller negative impact on SMEs’ financing conditions than previously; and banks applied more favourable terms and conditions when granting new loans to SMEs.