herald

Friday 18 August 2017

Company loans 'are in bad shape'

LENDING

Business loans, many linked to property, are in even worse shape than home loans, the Central Bank has warned.

Two-thirds of bad loans in Ireland relate to commercial lending, including property- related debt involving small and medium enterprises. Of those, one-third has a poor prospect of recovery.

The stark figures laying bare difficulties faced by businesses were set out by financial regulator Cyril Roux at Chartered Accountants Ireland's Leinster Society lunch.

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