Oireachtas Joint and Select Committees
Tuesday, 9 March 2021
Public Accounts Committee
Strategic Banking Corporation of Ireland: Financial Statements 2019
9:30 am
Imelda Munster (Louth, Sinn Fein) | Oireachtas source
Mr. Black said in his opening statement that SBCI would be Ireland's conduit to major European SME funding programmes. Out of curiosity, is SBCI involved in any conversations regarding the distribution of the Brexit adjustment reserve fund or is it involved in that?
My other question relates to the German bank, KfW, that has left SBCI. My understanding is the KfW charges an interest rate of 1.2% for SME loans, as opposed to the SBCI interest rate of 4%. Is there anything that would preclude SBCI from offering interest rates similar to KfW's rates?
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