Oireachtas Joint and Select Committees
Tuesday, 9 March 2021
Public Accounts Committee
Strategic Banking Corporation of Ireland: Financial Statements 2019
9:30 am
Colm Burke (Cork North Central, Fine Gael) | Oireachtas source
I thank Mr. Black for his presentation. Some of my colleague have raised the issue of Bibby Financial Services Ireland. My understanding is that the SBCI is involved in providing and supporting lending to Irish companies. However, with regard to Bibby Financial Services Ireland, my understanding is that its accounts in 2019 show €299,000 lent to Bibby Line Group, a British shipping and finance company. How does that arise if this funding is mainly aimed at Irish companies?
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