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 Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I will ask him to do that so that all members will have an opportunity.

There is just one minute left, but I have a question for Mr. Black. When the SBCI was established, it was needed and there was a role for it because SMEs could not access finance in the years after the crash. I am looking for a brief answer, although I know it will be unfair to make him reply so quickly. Could there be a role for the SBCI as a publicly owned bank in future? We are unusual in Europe. German banks have been referenced at this meeting. In Germany, many banks are publicly owned. As a publicly owned bank, could the SBCI become a major player, perhaps even a third force, in Irish banking?

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