Guide for SMEs facing financial difficulties

The Central Bank of Ireland has published a revised statutory Code of Conduct for Business Lending to Small and Medium Enterprises (the SME Code) setting out new requirements for lenders when dealing with Small and Medium Enterprises (SMEs) in, or facing financial difficulties.

This Code is effective from 1 January 2012 and is available on the Central Bank website at  www.centralbank.ie
 

We recommend that customers who are in or facing financial difficulties contact their local Bank of Ireland branch or relationship manager as soon as possible to discuss their situation.
 

We have also produced an information booklet which outlines the procedures of Bank of Ireland (the Bank) when dealing with SMEs in financial difficulty and gives information on the support which will be provided by the Bank to customers in this situation. This information booklet is available here.