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Small and Medium Enterprises Debt

Dáil Éireann Debate, Thursday - 17 December 2015

Thursday, 17 December 2015

Questions (142)

Michael McGrath

Question:

142. Deputy Michael McGrath asked the Minister for Finance the latest information available as to the amount of small and medium enterprise debt outstanding; the amount which is in arrears; the amount classified as non-performing; and if he will make a statement on the matter. [45966/15]

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Written answers

The Central Bank publishes the level of outstanding SME debt through the statistical release "Trends in Business Credit and Deposits: Q2 2015", which indicates that total loans by resident credit institutions to Irish resident SMEs was €50.6 billion at end-June 2015. This publication is available on the Central Bank website at: http://www.centralbank.ie/polstats/stats/cmab/pages/businesscredit.aspx

Although the Central Bank do not publish data specifically around SME arrears, the publication "SME Market Report 2015 H1" reports on SME default numbers (as per the Basel II definition of default). This publication is available on the Central Bank website at: http://www.centralbank.ie/publications/Documents/SME%20Market%20Report%202015H1.pdf.

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