Oireachtas Joint and Select Committees

Tuesday, 11 May 2021

Public Accounts Committee

Financial Statements and Accounts

9:30 am

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

A number of questions were not answered. We need to have the aged debtor analysis. The whole point in discussing this is to ensure the money was spent on what it was intended to be spent on. The target was the small and medium-sized business sector to fill a gap in terms of ensuring adequate funding sources were available.

I do not believe Bibby Financial Services has answered the question relating to the transfer of money. In December 2019, €45 million out of €60 million was lent to the company by the SBCI with the balance from HSBC. This was used to replace borrowing from Barclays. Is that true or not true? I am keen to see that specifically answered. We are awaiting a further response.

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