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Tue 04 Apr 2010Over a third of loans to SMEs distressed
OVER ONE-THIRD of lending to the small and medium-sized business sector, representing €11 billion, is distressed, according to a survey by consultants Mazars.
Five banks – Bank of Ireland, AIB, Ulster Bank, Anglo Irish Bank and National Irish Bank – provided lending data for the study, which was collated by the Irish Banking Federation (IBF).
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