SMEs seek investment, but bank lending is still down

Irish small businesses are increasing their working capital and borrowing for investment for the first time since the financial crisis began.

23rd March, 2014

Irish small businesses are increasing their working capital and borrowing for investment for the first time since the financial crisis began, but overall lending to SMEs is still contracting as the main banks continue to avoid risk according to John Trethowan, head of the Credit Review Office.

Speaking to The Sunday Business Post ahead of tomorrow's publication of the CRO's 13th quarterly report on SME lending, Trethowan said demand for credit from small businesses was...

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