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:
Yes, it can. The banks are still responsible for underwriting the credit, but when the credit is applied, it is applied on different terms because the SBCI is taking a lot of the risk. Given that the SBCI says that the loans can be unsecured up to €500,000, that makes a big difference to an SME applying for a loan.
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