Category Archives: SMEs – Small & Medium Size Enterprises

Ireland’s three big banks have a virtual stranglehold on small-business lending

AIB, Bank of Ireland and Ulster Bank control 95% of the market. https://www.irishtimes.com/business/financial-services/aib-and-bank-of-ireland-are-the-big-beasts-of-banking-again-1.3584698 The State Established Strategic Banking Corporation of Ireland (SBCI) is subsidising the big banks: SBCI lends to the Banks (BoI, AIB, Ulster Bank, KBC, etc.) at 0.8% SBCI guarantees 80% of the Loan the Banks make to SMEs. Current Bank rates for SBCI loans are 4.5% for …Read more »

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