Honohan: Banks must provide more credit

Honohan: Banks must provide more credit

The Governor of the Central Bank is calling on commercial banks to resume lending to small and medium enterprises.

Professor Patrick Honohan is raising concerns about the limited availability of credit for start-up firms and SME's.

He said banks have reacted to their own difficulties, and to the downturn, by greatly reducing their "risk appetite".

The Governor said banks must focus more attention on providing credit, not just for the sake of the economy but in their own interests, as property lending will reduce.

More in this Section

Ryanair to cut 1,000 flights between Ireland and UKRyanair to cut 1,000 flights between Ireland and UK

Huawei kit to be stripped out of British 5G network by 2027Huawei kit to be stripped out of British 5G network by 2027

Ryanair to axe up to 1,000 flights between UK and IrelandRyanair to axe up to 1,000 flights between UK and Ireland

Cork firm extends Aldi deal to supply ‘fakeaway’ chipsCork firm extends Aldi deal to supply ‘fakeaway’ chips


Lifestyle

The world is in chaos and fascism is on the march. But enough about 2020 – what about America in 1940?The Plot Against America: Sky Atlantic series shows a parallel history that has echoes of today's world

Ubisoft has given us a look of some of their upcoming releasesGame Tech: A glimpse of Far Cry 6 and Assassin’s Creed Valhalla

Exfoliating cleansers are the first step in upgrading your skincare routine.The Skin Nerd: How to get active when it comes to cleansing

The arrival of the new baby has led to a tricky family dynamic in the Cork-set show, writes Georgia HumphreysBaby's arrival leads to more adventures as the Young Offenders return

More From The Irish Examiner