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Central Bank Measures in Support of Small and Medium Enterprises (SMEs)

The Central Bank of Ireland has a number of measures in place to specifically protect and support the interests of businesses.

The Code of Conduct for Business Lending to Small and Medium Enterprises (SMEs) first came into effect on 13 March 2009 – a development supported by the IBF as providing added reassurance to business borrowers.  The Code is regularly reviewed and updated and was most recently completed in 2012.

You can access the Code on the Central Bank’s website

The Central Bank introduced its Code of Conduct on the Switching of Current Accounts with Credit Institutions in October 2010.  This Code built on the voluntary BPFI Personal Account Switching Code and BPFI Business Account Switching Code.  You can access the Code on the Central Bank’s website.