Finance report accuses banks of 'rationing credit' to SMEs
The debate over bank lending to Irish business is set to be reignited, with a government report accusing banks of 'credit rationing' and hiking interest rates for viable companies.
The debate over bank lending to Irish business is set to be reignited, with a new government report accusing the banks of 'credit rationing' and hiking interest rates for viable companies.
A Department of Finance report into the small and medium-sized enterprise (SME) sector said there had been a large increase in the rejection rate for Irish companies, adding that banks were rejecting credit applications regardless of the finances of the business.
The report, which...
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