SME network group generates €44m

Small business networking organisation BNI generated €43.6m last year, with its Donegal town branch reported as being the most profitable in Ireland or Britain.

The report found SMEs in the south and west of Ireland have seen their profitability increase by 10% due to the referral system that BNI operates.

BNI reported business deals generated and passed from one member to another rose from €38m in 2011 to €43.6m in 2012, with membership remaining largely the same.