Although such banks accounted for only 5 percent of all banking assets, they held a disproportionately large share of all small loans issued by banks to businesses: 16 percent for loans of $ million or less and 21 percent for loans of $ or less.
Note: The ECB’s purchased assets in the context of the SMP, CBPP1, 2 & 3, ABS and PSPP. As a result, central bank balance sheets expanded considerably: since 2008 the Fed’s balance sheet has more than doubled; the Bank of England’s balance sheet trebled; while the ECB’s balance sheet has also expanded considerably, particularly since the introduction of the ECB’s QE programme in 2015.