SME loans set to reach pre-Covid levels – BoI

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The Bank of Ireland said business lending could return to pre-Covid levels by the end of the year.

n an interview with the Independent SundayBank of Ireland’s new director of corporate banking services, John O’Beirne, said he had seen a “strong recovery”. He said loans reached € 1.4 billion in June this year, up 16% from 2020, with the current trajectory suggesting they could reach 2019 levels by the end of this year. the year with the reopening of various sectors.

When asked if he was confident SME and business lending would stabilize and recover, O’Beirne said a stabilization has already occurred.


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