Oireachtas Joint and Select Committees

Tuesday, 27 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of Operations: Strategic Banking Corporation of Ireland

2:00 pm

Mr. Nick Ashmore:

There are three methods available through the banks for SMEs to access SBCI support. When we started in 2015, we offered €675 million in supported lending through the three banks in the form of low cost, long-term liquidity for the banks to be supplied to SMEs. SMEs applied for SBCI supported loans and received a discount on the loan they received. In some cases, they received more flexible terms and conditions.

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