Strategic Banking Corporation of Ireland explained

The Strategic Banking Corporation of Ireland (SBCI) is a public bank that was established in 2015 in the wake of the Irish banking crisis to provide finance for small and medium-sized businesses. At the time it was set up, many of Ireland's main banks were unable or unwilling to provide to businesses. The Strategic Banking Corporation of Ireland does not provide loans directly to businesses themselves, but instead provides finance to the main banks at low cost, with the idea that the money is then loaned on to business. As of 2016, the bank had provided €347m to small businesses. Its Chief executive is June Butler.^{[1] [2]}

See also

• List of national development banks

Notes and References

1. News: Brexit decision makes it harder to attract new business lenders to Ireland – SBCI boss . Independent News and Media . The Irish Independent . 21 July 2016 . 21 July 2016.
2. News: Eoin . Burke-Kennedy . 'If the money isn’t used the way we expect it to be used, we’ll take it back' . The Irish Times Trust . The Irish Times . 27 February 2015 . 21 July 2016.