Central Bank of Ireland highlights tight credit conditions for SMEs
An economic letter, published by the Central Bank of Ireland on August 22, gives an overview of Irish credit supply and demand among small and medium-sized enterprises (SMEs), finding that while demand for loans is close to the eurozone average, the rejection rate is the second highest.
Authors Sarah Holton and Fergal McCann use data from two eurozone finance surveys, which show demand for loans increased by 10.7% in the first quarter of 2012, slightly above the eurozone average of 10.2%. Supply
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