SMEs in property sector account for a third of loan drawdowns

Irish Times | Sep 17, 2019 at 12:26 PM
  • Small and medium-sized businesses in the property sector accounted for a third of all bank loans drawn down by SMEs in the second quarter, new figures show.
  • The weighted average interest rates on outstanding SME loans increased in the quarter, rising by 7 basis points to 3.58 per cent.
  • The interest rate on new loan drawdowns decreased by 35 basis points and now stands at 3.79 per cent.