Oireachtas Joint and Select Committees

Tuesday, 15 April 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB

4:10 pm

Mr. Ken Burke:

We have done a lot on the hospitality side, particularly in the hotel and restaurant sectors. There is a particular imperative around the agriculture sector now with two banks leaving these shores. There are tight timelines in terms of the customers of those banks being refinanced. The €500 million fund we launched on the agricultural side includes a particular component to deal with refinancing customers of exiting banks.