AIB extends half a billion euro in loans to beleaguered farming sector

Fund is being supported by the Strategic Banking Corporation of Ireland

Barry J Whyte

Chief Feature Writer @whytebarry
19th November, 2015
Milk producers have seen prices drop 33 per cent in 18 months Pic: Rollingnews.ie

AIB has expanded its agricultural loan scheme by €500 million which is aimed to help a farming sector struggling to cope with the volatility in commodities such as milk and pig meat.

More than 90 per cent of the bank’s original fund, also €500 million, has been drawn down since April 2014, the bank said.

The loans are used by farming customers for use as working capital, capital expenditure and asset finance requirements, the bank...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Get basic

*New subscribers only

You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

2 Yearly

€315

€248

Unlimited Access for 2 Years

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

More Business Tom Maguire 9 months ago

The Daily Briefing

The Daily Briefing