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 am dealing with a company at the moment that employs 80 people, has had a major downturn because of Covid-19 and has difficulty currently in getting finance even though, in terms of the banks, it is 80% guaranteed by the State. What does the SBCI do with an organisation like that where its own bank is now reluctant to give it additional funding? It needs to keep its 80 employees to keep the operation going. It will have to wait until the market opens up. Can Mr. Black outline what it can do at this stage?
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