Oireachtas Joint and Select Committees
Wednesday, 23 March 2022
Committee on Budgetary Oversight
Pre-Stability Programme Update Scrutiny (Resumed): Central Bank of Ireland
Neasa Hourigan (Dublin Central, Green Party) | Oireachtas source
-----of SMEs are microbusinesses. Traditionally, they are very slow to access credit in Ireland. It is under 20%. Is it fair to say it is a very small amount? One report I saw said in a six-month period, only 11% of microbusinesses sought credit. Is that something that is on the bank's radar? I am aware we are undertaking a banking review and that is all being looked at but in this very uncertain period of high inflation, all sorts of businesses, especially retailers, are under pressure. Is that continuing reluctance to access credit - quite low levels or small amounts of it - a concern with respect to holding onto our SMEs?
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