AIB to increase SME credit supply by 20%

AIB is promising to increase its supply of available credit to the SME market by “at least” 20% this year.

The bank also claims to be committed to achieving the 2012 SME sanction target of €3.5bn.

AIB exceeded its SME sanctions target for last year, when more than 20,000 SME customers drew down new funding from the bank. Through initiatives such as the Big Drive for Small Business and the Job Creation Loan, the bank is aiming to engage closer with its business customers around the country and help small businesses develop new projects.