Retail banks are called upon to become ‘start-up friendly’

Irish retail banks have been urged to become more “start-up friendly” by catering better to early-stage companies in the tech sector. They have also been called upon to provide better treatment to entrepreneurs and early employees of start-ups, many of whom find it difficult to access credit and mortgages from traditional banking institutions.

In a recent submission to the commission on retail banking, Scale Ireland, a representative body for start-ups and scale-ups, said its ...

ChasTaylor Unfortunately banks won't be operationally concerned by this. More concerned about credit risk, exposure & default going into winter as companies & households hit financial distress. Priority will be ensuring strong reserves to weather what they think is coming. Ask any bank CRO.

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