Banks and Companies Relationships: Evidence from the Guinea Republic in West Africa

Abstract

This paper provides a better understanding of the relationship between banks and companies in the Guinea Republic concerning the different services that result from their collaboration and the difficulties that most companies on the verge of bankruptcy face. Financial/banking markets have become unavoidable in our socioeconomic life. Today they have become the machine of sustainability. Financial and banking institutions are the necessary canals of the impact of actors in entrepreneurial life. The financial and banking markets influence entrepreneurs' decisions and attitudes, including their business models, by setting the requirements for access to financial and banking services. This qualitative study analyses the relationship between banks and companies in the Guinea Republic. The study has adopted a case study methodology to analyze the relationship between banks and companies. The results of our study show that the relationship between Banks and companies in the Guinea Republic deserves more attention from all public and private decision-makers to make both economic sectors efficient. The significance of this research resides, to the best of our knowledge, it is the first to examine the banking-firm connection in the Guinea Republic context. Therefore, it provides essential insight. This study will inform the banks, firms, and State executives about the issues related to this relationship. The authors hope that the findings of this study and the recommendations will enable the heads of banks and companies to improve existing systems to solve the problems between the two businesses (Banks-Companies) in Guinea.