DAVY VIEW

On September 17th, new Irish SME lending figures were better than expected, bouncing back after poor figures in Q1, no doubt hurt by Brexit uncertainty. However, this may only be a temporary reprieve after the original March 29th deadline, with uncertainty set to hit loan demand again in H2 2019. Total corporate lending grew by 4.8% to €42.5bn, evidence that Ireland’s strong economic performance is creating loan demand from larger companies.