CPA calls for clarification on Nama proposals

The president of the Institute of Certified Public Accountants in Ireland (CPA) has called on the Minister for Finance to clarify the commitment in the Nama Bill that banks will "increase their capacity" for borrowing to the SME sector by 10%.

"While we welcome the Minister’s assertion in his speech yesterday that banks will increase their capacity for borrowing to the SME sector by 10%, we are disappointed that this commitment is not clearly defined," said CPA president John White.