Sunday August 9, 2020

SBCI boost for business with lower lending rates

In less than a year, 4,600 SMEs avail of range of funding products at attractive rates

31st January, 2016
Nick Ashmore, chief executive, the Strategic Banking Corporation of Ireland (SBCI)

Within a year of its launch, the Strategic Banking Corporation of Ireland (SBCI) is delivering on its promise to shake up the funding market for SMEs.

Of the €800 million that comprised its initial tranche of funding, €750 million is already committed to lending partners, as of the end of December. In figures released this week by the SBCI, it has emerged that 4,600 SMEs have taken out nearly €172 million of SBCI-backed loans since March 2015.


Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

A full understanding of the legal rights and implications of redundancies is essential for any employer tasked with reducing staff numbers

Post Reporter | 12 hours ago

PFH Technology Group has deployed HPE Nimble solutions globally allowing a major multinational to update and intelligently transform its data centre operations

Post Reporter | 12 hours ago

ProCloud is leveraging HPE’s SimpliVity hyper-converged technology to simplify the data centre, writes Jason Walsh

Jason Walsh | 12 hours ago