Time and ingenuity needed to solve the credit riddle
While the two ‘pillar banks’ have hit their lending targets, not everyone is convinced that giving out more money is the answer
Last Thursday, the Minister for Finance, Michael Noonan, called for ideas about ‘‘what can be done to encourage viable businesses to seek credit’’.
Companies, it seems, aren’t borrowing enough. As Noonan pointed out in an earlier statement announcing the Credit Suggestions initiative, the two so-called pillar banks - AIB and Bank of Ireland - will have more than enough capital in the coming months and years to meet the borrowing needs...
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