Tuesday 27 September 2016

Bank of Ireland sees appetite for credit continue to grow

Published 14/05/2015 | 02:30

Dublin footballer Denis Bastick
Dublin footballer Denis Bastick

Bank of Ireland recently announced that new credit approvals to SMEs to the end of March 2015 were almost €1.24bn, up 24pc on the same period last year.

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The €1.24bn figure includes new and increased lending and does not include restructures. Gerry Prizeman, Head of Enterprise Development said "Bank of Ireland is delighted to participate at the FundSME event in the RDS on the 28 May, where the bank will continue its mutually positive engagement with the SME sector".

During the first quarter of 2015 Bank of Ireland received a total of over 17,500 credit applications, an increase of 13pc on the 15,428 applications received in the final quarter of 2014.

Bank of Ireland continues to see signs of improved optimism in the external environment and according to Mr Prizeman: "The positive growth trajectory evident in the second half of 2014 continued in the first quarter with signs of increased activity from a number of sectors in including the SME".

Dublin footballer Denis Bastick, pictured, who's a Business Adviser with Bank of Ireland in the capital's College Green, described the FundSME website and event in the RDS on the as a "welcome initiative which should inform the SME sector regarding the range of funding options and supports available. We expect this will have an immediate and positive impact on the sector".

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