Oireachtas Joint and Select Committees

Tuesday, 27 March 2018

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of Operations: Strategic Banking Corporation of Ireland

2:00 pm

Mr. Nick Ashmore:

-----and what we are doing is we are interfering with that credit margin, by saying that we will take 80% of the risk on these loans. We will not let that full credit margin be charged. That benefit needs to be passed to the SMEs. That is why we drive the discount and that is how-----