Bank of Ireland begins Brexit roadshow

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Bank of Ireland has commenced a series of 11 Brexit briefings that will help SMEs nationwide to prepare for Brexit.

The briefings are designed to provide useful advice for SMEs, including guidance on changes to tariffs, revenue guarantees and documentary requirements for businesses trading with, or through, the UK.

Earlier this year the bank launched a €2bn Brexit Fund to help businesses prepare. The Bank has also launched a €50m unsecured FX fund designed to enable businesses manage foreign exchange risk to give certainty on cash flow and profit margin.

“With the Brexit deadline looming, we’d encourage any customer who requires guidance or support to talk to us”

The bank is also participating in the Government’s Future Growth Loan Scheme, designed to support the development of SMEs and Agri businesses.

“With the Brexit deadline looming, we’d encourage any customer who requires guidance or support to talk to us,” said Michael Lauhoff, director of Business Banking at Bank of Ireland.

“We have run over 250 events aimed at supporting SMEs in the past 18 months, and launched a €2bn Brexit Fund to help businesses prepare. Our Brexit events are designed to support businesses in these uncertain times, and we are delighted to welcome a number of guest speakers to share their expertise with us.”