Lenihan looks at state credit agency for trading firms seeking to expand

Minister for Finance Brian Lenihan is considering the establishment of a special fund, in a section of the National Pensions Reserve Fund, to provide access to credit for the commercial business sector.

20th September, 2008

Minister for Finance Brian Lenihan is considering the establishment of a special fund, in a section of the National Pensions Reserve Fund, to provide access to credit for the commercial business sector.

This is designed to combat the impact of the banking credit crunch on lending to support normal business activity.

The creation of a facility to boost liquidity in the market is in the early stage of consideration by the finance minister, and may...

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