Fiona Muldoon, Central Bank director of Credit Supervision, has said that half of €50 billion of loans by banks outstanding to small to medium sized (SME) Irish firms are "not performing (are in arrears)" at present.
Half of small business debt is impaired, says regulator - Irish Economy News & Headlines | The Irish Times - Thu, Apr 11, 2013
Half of loans to SMEs are non-performing - RTÉ News
I might well be wrong but this is the first time the Central Bank of Ireland has given indicative figures as to the level of loan performance for SME's.
70% of all private sector employees work for SME's.
The figure of €25 billion bank loans in arrears is a huge figure, and given the number of people employed in those companies the loan amount outstandin figure has to be having a knock-on effect with regard to trade debtors and trade creditors throughout the SME sector.
Those SME trade debts represent another threat to companies in that sector.