Bank fees report ‘misses the point’

THE small-to-medium business lobby group ISME has dismissed the new report on fees and charges for businesses by the Financial Regulator as “missing the point”.

While the survey found wide variations on fees and charges between the banks, ISME said that was not the issue for most Irish firms.

ISME’s surveys have shown a huge gap between what small to medium-sized firms pay in interest on their overdrafts compared with the rest of Europe.