AIB extends half a billion euro in loans to beleaguered farming sector
Fund is being supported by the Strategic Banking Corporation of Ireland
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...
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The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures