The CBI has published the figures for new lending to non-financial, non-real-estate SMEs which increased by 4.8% in the year to Q1 2016. The CBI reports that interest rates on non-financial corporation loans under €250,000 remain high relative to euro area averages. The stock of credit has declined by 5.3% in the last quarter and the SME lending market remains highly concentrated. Rejection rates are now in line with the euro area average after a decline.