Oireachtas Joint and Select Committees

Tuesday, 9 March 2021

Public Accounts Committee

Strategic Banking Corporation of Ireland: Financial Statements 2019

9:30 am

Mr. Ian Black:

No. We encourage competition in the Irish marketplace. As I stated, we regret the departure of Ulster Bank. One of the functions of the Act to encourage and promote new entrants into the Irish market for competition. We encourage that. The point is that we need to ensure that the funding the State is providing is only being provided to eligible Irish SMEs. We are happy that the controls are in place to ensure that this happens.

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