AIB said that this fund will be available to all existing or potential clients in this sector.
This initiative is part of AIB’s recapitalization commitment to the Government of an additional EUR3bn in new or additional SME lending in 2011.
AIB Bank head of Asset Finance and Intermediary Business Robin Bradley said almost all businesses require some form of equipment financing. Asset financing, through AIB’s hire purchase and leasing products, is particularly suitable for those businesses that wish to preserve existing working capital credit lines for prudent cash management.
"Our team of dedicated Asset Finance representatives located across the country and our staff in our extensive branch/business centre network are available to discuss individual customer," Bradley said.
