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.

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 <€250,000 and 3.5% for >=€250,000.

The Banks mark-up of SBCI loans to SMEs is c. 2.7% to 3.7% & the loans are 80% guaranteed by SBCI.

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