No-Risk Management


IRISH BANKS reject more business loan applications than any other state in the euro zone except Greece, with small and medium businesses in Ireland twice as likely to have a loan application turned down as the average across the bloc.

The new figures are contained in a study published this morning by the Central Bank of Ireland.

While some teetering businesses which seek credit have little chance of repaying loans – and thus have to be refused them – the new study says that “high rejection rates in Ireland cannot be explained by the quality of the pool of potential borrowers”.

More than one in four businesses seeking a loan or an overdraft were rejected in the six months to March.


Irish banks second only to Greece for refusing loans to firms (Dan O’Brien, Irish Times)