Catherine Murphy (Kildare North, Social Democrats) | Oireachtas source

I remember the difficulty with credit for SMEs at a particular time and the importance of using the funds available to ensure the viability of many of them. The Act specified that the finances were to be used for the Irish SME sector and for the benefit of the Irish economy.

I want to focus attention on Bibby Financial Services and whether the moneys are exclusively used for the benefit of Irish entities. Bibby paid its parent company €479,000 in interest in 2014. By 2019, it received almost €300,000 from England which was a substantial swing. Looking at those kinds of numbers, how confident is Mr. Black that the money is exclusively spent in Ireland and that we are not benefiting entities outside of the State? What controls in respect of this does SBCI have in place?