Wednesday October 28, 2020

Small firms say report shows banks too averse to risk

UPDATE: Details of the new SME report with reaction from Enterprise Minister Richard Bruton, the Small Firms Association and the Irish Bankers Federation.

29th November, 2011
2
{ }

A report commissioned by the Department of Finance has found that 36 per cent of small and medium enterprises requested bank credit in the period April-September 2011.

Overall 54 per cent of credit applications were approved, 23 per cent of credit applications were declined and 23 per cent of credit applications were still pending.

Minister for Jobs, Enterprise and Innovation, Richard Bruton said that the report will provide Government and other stakeholders with large amounts of detailed information which will...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 9 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 5 years ago