AIB admits dissatisfaction with level of SME lending

One of Ireland’s two pillar banks have admitted that it is unhappy with the levels of new credit it has been providing to businesses.

The head of business banking at AIB, John Webb, said AIB had only provided €400m in new credit in the first half of the year.

“For the first six months of this year, we have lent out €400m in new credit stimulus. And you know that performance is slightly lower than our expectations for this year,” said Mr Webb.