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.

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