SME Regulations

Lending to SMEs

In December 2015, the Central Bank of Ireland published the Central Bank (Supervision and Enforcement) Act 2013 (Section 48) (Lending to Small and Medium Sized Enterprises) Regulations 2013 (the SME Regulations). The SME Regulations replaced the previous Code of Conduct of Business Lending to Small and Medium Enterprises and aimed to strengthen protections for SMEs, while also facilitating access to credit. 

While Danske Bank has discontinued business lending in Ireland to focus on corporate and institutional clients, we are committed to ensuring compliance with the SME Regulations where applicable. To help you to understand the SME Regulations as they apply to you we have produced an Information Booklet, which we would encourage you to read carefully. A printed version of this booklet can be obtained by writing to Danske Bank at Danske Bank, 3 Harbourmaster Place, Dublin 1, D01 K8F1.

The SME Regulations have a number of objectives to which Danske Bank subscribes: 
to facilitate access to credit for sustainable and productive business propositions
to promote fairness and transparency in the treatment of SMEs
to ensure that, when dealing with financial difficulties cases, the aim is to assist borrowers to meet their obligations, or otherwise deal with the situation in an orderly and appropriate manner

SMEs experiencing financial difficulties
If you are already in financial difficulty or anticipate that you may not be able to meet future commitments, the most important step is to contact us as early as possible to enable us to assess your circumstances. We will be flexible and handle SMEs experiencing financial difficulties on a case-by-case basis. We will work with you and endeavour to agree an approach that will assist you to address your financial difficulties.

If you require further information on the SME Regulations please contact your relationship manager. Alternatively, a copy of the SME Regulations can be downloaded from www.centralbank.ie . 

Contact us
For queries relating to lending to SMEs, please contact: 
SME Section
Danske Bank
3 Harbourmaster Place
IFSC, Dublin 1
D01 K8F1
Tel: +353 (0) 1 484 2660
Call charges may vary.  Please refer to your service provider.  Calls may be recorded.

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