Sunday February 23, 2020

Time for a deal on SME debt

Credit where it's due for the government, but the issue of boomtime debt is still strangling business, writes Ian Kehoe.

13th January, 2013
Michael Noonan, Minister for Finance. Photo: Tony O'Shea

The contentious issue of credit has been the bete noire of Irish SMEs in recent years, with the two pillar banks constantly criticised for their frugal lending policies. However, in the Department of Finance, there is now a growing optimism that they are close to resolving the issue.

Bank of Ireland and AIB hit their €3.5 billion state prescribed SME lending targets for 2012, and that figure has been upped to €4 billion for the...

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