Deposits by Irish firms rise as SME loans still cost double eurozone rate

The Central Bank said the quarterly increase was in part driven by the €1.3bn growth in deposits by the companies in the information and communication sector.

New figures from the Central Bank show deposits from SMEs rose by €6.2bn during the third quarter this year. Picture: Leah Farrell/Rollingnews.ie

Deposits from Irish firms have climbed by €20.6bn so far this year, the largest ever annual rise, but Irish SMEs continue to pay over twice the rate for their new loans than anywhere else in the eurozone. 

New figures from the Central Bank show deposits from SMEs rose by €6.2bn during the third quarter this year.