Oireachtas Joint and Select Committees
Thursday, 12 October 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Savings Banks Foundation for International Cooperation, Irish Rural Link and Public Banking Forum of Ireland
9:30 am
Kieran O'Donnell (Fine Gael) | Oireachtas source
The Sparkassen ten-year fixed rate for home loans is approximately 1.1% at present. What is the rate for a typical SME loan for someone looking to get a working capital or stocking loan of €40,000 or looking to build a plant for €120,000? Typically, a working loan might be a one-year stocking loan or an overdraft facility over a year. Typically here, a building capital loan to an SME is for ten to 15 years.
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