IDEAS home Printed from https://ideas.repec.org/p/cbi/fsnote/7-fs-19.html
   My bibliography  Save this paper

A vulnerability analysis of Irish SME credit exposures

Author

Listed:
  • McGeever, Niall

    (Central Bank of Ireland)

Abstract

I use loan-level data from three major banks to analyse the stock of performing Irish SME credit exposures as at June 2018. I calculate a vulnerability score for each exposure by linking borrower characteristics and macroeconomic conditions to historical default outcomes. I find evidence of improvement in the condition of the aggregate SME portfolio, but a subset of exposures – accounting for 7.3 per cent of performing balances – continue to have high vulnerability scores. These exposures are spread across all regions. Accommodation & Food and Wholesale & Retail borrowers account for a large share of high vulnerability balances, while borrowers in the Agriculture, Forestry & Fishing and Manufacturing sectors are under-represented relative to their share of outstanding credit.

Suggested Citation

  • McGeever, Niall, 2019. "A vulnerability analysis of Irish SME credit exposures," Financial Stability Notes 7/FS/19, Central Bank of Ireland.
  • Handle: RePEc:cbi:fsnote:7/fs/19
    as

    Download full text from publisher

    File URL: https://www.centralbank.ie/docs/default-source/publications/financial-stability-notes/no-7-a-vulnerability-analysis-of-irish-sme-credit-exposures-(mcgeever).pdf?sfvrsn=5
    Download Restriction: no

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cbi:fsnote:7/fs/19. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Fiona Farrelly). General contact details of provider: http://edirc.repec.org/data/cbigvie.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.