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:

I have not heard that feedback yet. We have heard that demand for some of the Covid and Brexit schemes has been muted as a result of the Covid pandemic. People are drawing down on other grant supports rather than loan supports first. It is a credit decision. The State provides an 80% guarantee, which is considerable. The banks are at risk for the 20%.

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