Background to SME Regulations
“Regulations for Lending to Small & Medium Enterprises 2015 “ came into effect on 1st July 2016. The SME Regulations set out the standards that regulated financial institutions must take when dealing with SME’s , covering key aspects of the relationship from credit applications and communications, to dealing with financial difficulties when problems occur.
The SME Regulations apply to all SME lending by regulated entities within the State. If you would like a copy of the SME Regulations, the document is available to download from the Central Bank website at www.centralbank.ie
SMEs are defined as businesses that employ fewer than 250 people and have an annual turnover not exceeding €50 million and/or an annual balance sheet total not exceeding €43 million.
Our Information Booklet on Lending to Small and Medium Enterprises (“Information Booklet”) aims to provide you with an understanding of the key provisions of the SME Regulations and sets out the framework within which we provide credit facilities to customers and assist businesses which are either in or facing financial difficulties. A printed copy is available on request through your Deutsche Leasing ( Ireland) DAC Relationship Manager or email info@deutsche-leasing.com
Information Booklet on the SME regulations for Business Lending to Small & Medium Enterprises
