{"id":1371,"date":"2020-02-04T00:14:10","date_gmt":"2020-02-04T00:14:10","guid":{"rendered":"http:\/\/republicirelandbank.com\/?p=1371"},"modified":"2022-10-14T10:22:39","modified_gmt":"2022-10-14T10:22:39","slug":"irelands-three-big-banks-have-a-virtual-stranglehold-on-small-business-lending","status":"publish","type":"post","link":"https:\/\/republicirelandbank.com\/?p=1371","title":{"rendered":"Ireland&#8217;s three big banks have a virtual stranglehold on small-business lending"},"content":{"rendered":"\n<p> AIB, Bank of Ireland and Ulster Bank control 95% of the market. <\/p>\n\n\n\n<p><a href=\"https:\/\/www.irishtimes.com\/business\/financial-services\/aib-and-bank-of-ireland-are-the-big-beasts-of-banking-again-1.3584698\">https:\/\/www.irishtimes.com\/business\/financial-services\/aib-and-bank-of-ireland-are-the-big-beasts-of-banking-again-1.3584698<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">The State Established Strategic Banking Corporation of Ireland (SBCI) is <strong>subsidising the big banks: <\/strong> <\/h3>\n\n\n\n<p>SBCI lends to the Banks (BoI, AIB, Ulster Bank, KBC, etc.) at 0.8%<\/p>\n\n\n\n<p>SBCI guarantees 80% of the Loan the Banks make to SMEs.<\/p>\n\n\n\n<p>Current Bank rates for SBCI loans are 4.5% for &lt;\u20ac250,000 and 3.5% for >=\u20ac250,000. <\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>The Banks mark-up of SBCI loans to SMEs is c. 2.7% to 3.7% &amp; the loans are 80% guaranteed by SBCI.<\/strong><\/h4>\n<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - https:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"https:\/\/www.hupso.com\/share\/\"><img decoding=\"async\" src=\"https:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Linkedin\",\"Reddit\",\"Email\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_twitter_via=\"IrlPublicBanks\";var hupso_url_t=\"\";var hupso_title_t=\"Ireland%27s%20three%20big%20banks%20have%20a%20virtual%20stranglehold%20on%20small-business%20lending\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div>","protected":false},"excerpt":{"rendered":"<p>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<\/p>\n<div style=\"padding-bottom:20px; padding-top:10px;\" class=\"hupso-share-buttons\"><!-- Hupso Share Buttons - https:\/\/www.hupso.com\/share\/ --><a class=\"hupso_toolbar\" href=\"https:\/\/www.hupso.com\/share\/\"><img src=\"https:\/\/static.hupso.com\/share\/buttons\/share-medium.png\" style=\"border:0px; padding-top: 5px; float:left;\" alt=\"Share Button\"\/><\/a><script type=\"text\/javascript\">var hupso_services_t=new Array(\"Twitter\",\"Facebook\",\"Google Plus\",\"Linkedin\",\"Reddit\",\"Email\");var hupso_background_t=\"#EAF4FF\";var hupso_border_t=\"#66CCFF\";var hupso_toolbar_size_t=\"medium\";var hupso_image_folder_url = \"\";var hupso_twitter_via=\"IrlPublicBanks\";var hupso_url_t=\"\";var hupso_title_t=\"Ireland%27s%20three%20big%20banks%20have%20a%20virtual%20stranglehold%20on%20small-business%20lending\";<\/script><script type=\"text\/javascript\" src=\"https:\/\/static.hupso.com\/share\/js\/share_toolbar.js\"><\/script><!-- Hupso Share Buttons --><\/div>","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,12,11,5],"tags":[],"class_list":["post-1371","post","type-post","status-publish","format-standard","hentry","category-community-banking","category-decentralised-banking","category-public-banking","category-smes-small-medium-size-enterprises"],"_links":{"self":[{"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=\/wp\/v2\/posts\/1371","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1371"}],"version-history":[{"count":1,"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=\/wp\/v2\/posts\/1371\/revisions"}],"predecessor-version":[{"id":1372,"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=\/wp\/v2\/posts\/1371\/revisions\/1372"}],"wp:attachment":[{"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1371"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1371"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/republicirelandbank.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1371"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}