Catherine Murphy (Kildare North, Social Democrats)
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51. To ask the Minister for Finance the reason a company (details supplied) was awarded a €120,000 contract in May 2019 to carry out an external review of the SBCI operation in view of the fact over €300 million of SBCI funding facilities were awarded to clients of the company; and if he will make a statement on the matter. [4133/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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Ernst and Young (EY) was appointed to undertake the external review of the SBCI following a competitive tender process. A request for tender was published on 08/01/2019 on eTenders, the Irish Government’s electronic tendering platform, inviting tenderers to submit a tender for the provision of these services. EY was the successful tenderer following a robust tender process which included a requirement for the successful tenderer to confirm they had no actual or potential conflicts of interest.

Catherine Murphy (Kildare North, Social Democrats)
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52. To ask the Minister for Finance the reason a company (details supplied) was selected as a second auditor of the SBCI and excluded from having to go through the procurement process as per the SBCI board minutes of 23 February 2017 in view of the fact that clients of the company also received €615 million out of the €1.24 billion SBCI fund; and if he will make a statement on the matter. [4134/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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The SBCI Board made the decision to appoint Deloitte in the event that a second auditor was required, pending legal advice on whether the Comptroller & Auditor General could perform the role of statutory auditor. Following receipt of legal advice, a second auditor was deemed unnecessary and Deloitte were not appointed

Catherine Murphy (Kildare North, Social Democrats)
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53. To ask the Minister for Finance the reason the SBCI does not request and-or obtain aged debtor analysis from its clients; and if he will make a statement on the matter. [4135/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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The SBCI does not lend directly to SMEs. The SBCI’s borrower is the approved financial provider(s) who in turn lend directly to SMEs. On that basis the SBCI obtains quarterly information for monitoring purposes on the on-lenders and does not receive information containing any aged debtor analysis on the SMEs.

Catherine Murphy (Kildare North, Social Democrats)
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54. To ask the Minister for Finance the reason no financial penalties were incurred by a company (details supplied) for early settlement of its facility when it received a six year facility of €40 million in May 2016 and cleared same in October 2018; and if he will make a statement on the matter. [4136/20]

Paschal Donohoe (Dublin Central, Fine Gael)
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The SBCI does not charge penalties and its facility agreements do not provide for these. If an on-lender wished to repay all or part of a facility, it is SBCI’s practice to agree a payment date with such on-lender as well as agreeing the amount of interest, principal and break-cost funding payable on the prepayment date agreed.