AIB first bank to meet with minister over ‘stonewalling’ of loans to SMEs

AIB will today be the first bank to answer the summons of Enterprise Minister Batt O’Keeffe to discuss the stonewalling loan requests to small and medium-sized enterprises.

AIB first bank to meet with minister over ‘stonewalling’ of loans to SMEs

Bank of Ireland, IL&P, and other banks are expected to meet Mr O’Keeffe later this week, when it is expected that he will issue a statement on the outcome of the talks.

The minister believes “some bankers” are showing little regard for taxpayers by stonewalling loan requests from viable small firms. He will also meet John Trethowan, director of the Credit Review Office set up by the Government to address the access to finance for businesses.

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