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 Seán SherlockSeán Sherlock (Cork East, Labour) | Oireachtas source

I understand that the agriculture fund set up by the SBCI was oversubscribed. Is it the view of the SBCI that there is potential for a new funding facility in that sector? Again, this is a vital sector. It is export-driven and faces the headwinds of Covid-19. Obviously, Brexit still hangs above many companies and producers like the sword of Damocles. Is it the intention of the SBCI to look at potential funding in the agriculture sector? It is lending for productive purposes. The fund in question was oversubscribed in the previous round. Mr. Black might also give us his perspective on that.

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