6 May 2009

Media Release

Bank Support For Business – Could Be A Lot Better

In a Chamber survey taken over 24 hours:

• 494 businesses responded
• 394 businesses indicated there was a lack of support for businesses from banks
• 265 have overdraft facilities secured by property
• Of these 265, 202 paying in excess of 10%.

Chamber CEO Michael Barnett suggested that given the security SME’s were providing banks, rates suggested by respondents to the survey were unhelpful in the present challenging economic climate.

ENDS