Monthly Archives: February 2020

600 Post Offices facing wipeout! – Tirconaill Tribune

Published 23rd Jan 2020 As Ireland’s post office network faces further closure from mid-2021 fears have emerged that most of Donegal’s rural network will be wiped out as the service continues to be stalled due to lack of investment and new services: that’s according to Tom O’Callaghan of the Independent Postmasters Group. O’Callaghan says that from next year onwards an …Read more »

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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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