Bank of Ireland ups SME loan approvals by 24%

Bank of Ireland has said it is seeing strong signs of growth in the retail, agri, motor, and property sectors after noting a 12% increase in new credit applications during the first quarter of this year.

New figures from the bank show it approved around €1.24bn in new credit to SME customers during the first three months of 2015.

This figure doesn’t include the restructuring of existing loans and marks a 24% increase on the same period last year.