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:

We have remained focused on SMEs. Our activity in that context is to fund the contractors and the business people doing the building. It is to fund the builders, not the developers, so we have a very clear exclusion for property development and that was something we put in at the very beginning partly in response to the KfW parameters. That funding came with a very clear "no property" stipulation. Obviously, times have changed-----

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