Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Public Accounts Committee

Strategic Banking Corporation of Ireland: Financial Statements 2019

9:30 am

Photo of Colm BurkeColm 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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