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Open for Business. Bank of Ireland is regulated by the Financial Regulator. For presentation purposes only. Do not print. Open for Business. Bank of Ireland continues to have a major stake in and dependency on, the Irish economy.
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Open for Business Bank of Ireland is regulated by the Financial Regulator. For presentation purposes only. Do not print.
Open for Business • Bank of Ireland continues to have a major stake in and dependency on, the Irish economy. • Our participation in the market here, particularly in the Small and Medium Sized Enterprise (SME) sector, remains critical to our future and we continue to be firmly committed to supporting our current and future customers through these challenging times.
Our commitment to the Irish SME market
Our commitment Recruiting experienced Business Banking Managers No restrictions on our lending capacity Fully committed to meeting the lending targets as set out by the Minister for Finance on 30th March 2010 Bank of Ireland is regulated by the Financial Regulator.
We are actively lending Over 1,100 applications received from SMEs weekly, with approval rates consistently averaging 80% In the first 6 months we drew down €1.2bn & approved €1.7bn Bank of Ireland is regulated by the Financial Regulator.
Examples of recent lending transactions… Galway: a transport company borrowing €40k to assist in building a new loading dock. Mullingar: €4.9m to fund the purchase of a nursing home. Galway: Sports Nutrition Company borrowing €15k to help with expansion of the business and to provide working capital for new projects Dublin: a service station borrowing €600k to fund the purchase of their existing premises (currently rented). Cork: a Civil Engineering Materials supply company borrowing €1.4m to purchase a new unit. Waterford: a farmer borrowing €700k to fund a new milking set up for farm.
Other funds available €250m available under Business Support Fund European Investment Bank Loan Fund (€100m) Environmental Projects Funds (€200m) 26m New Venture Seed Capital fund Bank of Ireland is regulated by the Financial Regulator.
Business Start Up Package • Range of current account services free of charge for two years • Free monthly subscription to Business On Line for two years (from date account is opened) • Visa Business Card with annual fee waived for the first year • Competitive Small Business Loan of up to €300k • HP / Leasing with the set-up fee on your first leasing / hire purchase facility waived • Premium rate on surplus cash held in a Business Surplus Deposit Account • Exclusive offers from 22 companies • Online training course - www.bankofirelandstartupcourse.com
National Enterprise Week • An initiative driven by Bank of Ireland • An opportunity to provide tangible support to SME businesses • 2 key focus areas: • Show Your Business – over 1400 businesses participated during the week showcasing their products and services in their local Branch • Events are being hosted nationwide, Local Events – over 60 events hosted nationwide, including Northern Ireland, giving businesses the opportunity to gather free advice and support, and network with other local businesses. • Plans are currently underway to develop our National Enterprise Programme further
Enterprise Builder • Enterprise Builder is a new independent business support service developed by Bank of Ireland and exclusively available to our business customers. • How does it work? • Businesses can avail of an exclusive consultation with an Enterprise Builder mentor. • An expert mentor will arrange a 2-3 hour on-site visit with key stakeholders to identify challenges and opportunities. • Customers will be provided with a summary report with insightful suggestions on ways to improve the business. • The Mentors • We have compiled a network of over 70 professional advisers • Panel of industry experts are all senior executives with a proven track record of business success • They volunteer their professional acumen, advice and support, acting as a confidential sounding board for customers on such business issues as expansion into new export markets, more targeted sales and marketing and strategic business planning • To date, over 370 customers have availed of the service
Disclaimer This document has been prepared by Bank of Ireland Business Banking for informational purposes only. Not to be reproduced without prior permission. Any information contained herein is believed by the Bank to be accurate and true but the Bank expresses no representation or warranty of such accuracy and accepts no responsibility whatsoever for any loss or damage caused by any act or omission taken as a result of the information contained in this document. Unless specifically stated otherwise, no prices or rates mentioned are bids or offers by the Bank to purchase or sell any currencies, securities or financial instruments. Except as otherwise may be specifically agreed, the Bank has not acted nor will acts as a fiduciary or financial or investment adviser with respect to any derivative transaction that it has or will execute. Any investment, trading and hedging decision of a party will be based on its own judgement and not upon any view expressed by the Bank and shall be based on an arms length negotiation with the Bank. You should obtain independent legal advice before making any investment decision.
