SME bank in talks with Bibby over backing for foray into Irish market

22nd December, 2014
SME bank in talks with Bibby over backing for foray into Irish market

The government’s new €800 million SME bank, the Strategic Banking Corporation of Ireland (SBCI), is in advanced discussions with a prominent non-bank lender about backing its foray into the Irish market.

Bibby Financial Services provides more than €700 million in invoice financing facilities across 15 global markets each year. The company is understood to be on the verge of sealing a multimillion-euro deal with the SBCI which will see it become the first...

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