Bank of Ireland invests €20m in digital lending hub, cutting SME loan approvals to minutes
By
ThinkBusiness
Toasted just enough. A reliable bake, gently seasoned.
Summary
Bank of Ireland has invested €20 million in a new digital Business Borrowing Hub designed to streamline and accelerate business lending for small and medium enterprises (SMEs) and agricultural customers. The hub has already processed over €433 million in loan applications, reducing approval times from days to minutes. The initiative reflects the bank's commitment to making business lending simpler, faster, and more intuitive through digital transformation.
Key quotes
· 1 pulledAs leading lender, our ambition is to make business lending simpler, faster, and more intuitive
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