Written answers
Thursday, 14 December 2017
Department of Finance
Small and Medium Enterprises Debt
Michael McGrath (Cork South Central, Fianna Fail)
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107. To ask the Minister for Finance the amount of small and medium enterprise debt outstanding from the latest available data; the amount which is in arrears; the amount classified as non-performing; and if he will make a statement on the matter. [53766/17]
Paschal Donohoe (Dublin Central, Fine Gael)
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I have been informed by the Central Bank that as set out in the Business Credit and Deposits statistical Table A.14.1, available on the website of the Central Bank, the level of outstanding SME debt as at end-Q2 2017 is €27,504 million.
The latest data on the share of outstanding SME loan balances in default (i.e. default rate) across the main economic sectors, and across different regions, is set out on page 7 of the Central Bank’s SME Market Report H1 2017. On average the default rate is circa 20 per cent with variations between sectors.
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