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Bloomberg reports that "A little over half of loans by Irish financial institutions to hotels and restaurants are non- performing, according to a report issued by the central bank.
"In total, 70 percent of loans to small and medium-sized businesses are performing, a report issued by the Dublin-based central bank today showed. The data is based on research collected for the March 2011 Financial Measures Program Report and used in bank stress tests last year.
"More than half of the largest loans to companies were not performing, according to the central bank. In the hotel and restaurant industry, more than 70 percent of the largest loans were non-performing, with a similar figure for comparable loans to construction-related companies, the bank said."
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