{"id":75772,"date":"2025-06-30T16:34:21","date_gmt":"2025-06-30T16:34:21","guid":{"rendered":"https:\/\/smebanking.news\/?post_type=product&amp;p=17605"},"modified":"2025-06-30T16:34:21","modified_gmt":"2025-06-30T16:34:21","slug":"17605-sme-market-report-2","status":"publish","type":"product","link":"https:\/\/smebanking.agency\/platform\/report\/17605-sme-market-report-2\/","title":{"rendered":"SME Market Report"},"content":{"rendered":"<p><strong>The SME Market Report for 2019 finds that:<\/strong><\/p>\n<ul>\n<li>Gross new lending to SMEs declined 1.7 percent in the year to 2018 Q4, driven by \u2018Manufacturing\u2019, \u2018Wholesale, Retail, Trade and Repairs\u2019 and \u2018Primary Industries\u2019, with increases elsewhere.<\/li>\n<li>Market share among the top three banks is high at 90.3 percent of new SME lending and concentration in the flow of new lending has stabilized since Q2 2016.<\/li>\n<li>Credit demand remains low compared to previous years, with 20 percent of SMEs applying for credit in the period April &#8211; September 2018. A large majority of Micro, Small and Medium firms finance investment from internal funds.<\/li>\n<li>Working capital remains the most common reason for credit applications among micro and small firms, whereas credit for growth &amp; expansion is more common among medium firms.<\/li>\n<li>Irish SMEs are more reliant on leasing and hire purchases for investment activities than the EU average, but are less reliant on bank loans.<\/li>\n<li>Rejection rates on bank finance applications have tended to stabilize recently.<\/li>\n<li>Interest rates on small NFC loans in Ireland are on average 5.7 percent. Similar size loans are on average 2.5 percent in other parts of Europe.<\/li>\n<li>SME default rates have declined from 19.8 percent in December 2017 to 17.5 percent in June 2018.<\/li>\n<li>SME transitions into default over the period December 2017 to June 2018 were 2 percent.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The SME Market Report aims to provide a timely monitor of developments in the provision of credit to Irish Small and Medium Enterprises (SMEs) by financial intermediaries.<\/p>\n","protected":false},"featured_media":48173,"template":"","meta":{"pmpro_default_level":"","tdm_status":"","tdm_grid_status":""},"product_brand":[],"product_cat":[1842,2347],"product_tag":[],"class_list":["post-75772","product","type-product","status-publish","has-post-thumbnail","product_cat-sme-finance","product_cat-study-library","pmpro-has-access","first","instock","shipping-taxable","product-type-external"],"yoast_head":"<!-- This site is optimized with the Yoast SEO 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