Dáil debates

Tuesday, 18 November 2014

Ceisteanna - Questions (Resumed)

Cabinet Committee Meetings

4:35 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

A number of applications have been lodged and approved for other non-mainline banking operations from corporations and so on which provide banking facilities for companies using products or equipment. As the strategic investment bank is developed and progresses, I am sure consideration will be given to the Deputy's question. It should be noted that from a greenfield plan, in fewer than 12 months, all the propositions for the strategic investment corporation were put together, signed off, sealed and delivered with €800 million on the table from 1 December. That is quite an achievement by all those who have worked and been involved in the process. The end result will be access to credit for companies that were not previously in a position to avail of that credit. It is a case of time moving along in seeing how effective this process is. Perhaps consideration can be given later to it.

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