News And Press Releases 2016


16 December 2016

SBCI sources €450 million in new funding to meet strong SME demand for low-cost loans 

Brings total SBCI funding capacity to €1.25 billion SBCI CEO: New funding arrangements will allow us to support even more SMEs and bring even greater competition to the SME lending market 16 December 2016: The SBCI has obtained a further €450 million in funding to facilitate the growing demand for SBCI loans ...


12 December 2016

Investment Plan for Europe: EIF and the SBCI sign an agreement to provide EUR 100 million for Irish SMEs 

The European Investment Fund (EIF) and the Strategic Banking Corporation of Ireland (SBCI) have signed the first COSME agreement in Ireland. This transaction is guaranteed by the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe. The COSME EFSI counter-guarantee agreement will allow SBCI to support ...


29 November 2016

SBCI and FEXCO Asset Finance announce €70 million in specialist leasing finance for Irish SMEs 

SMEs can avail of a 1.57% discount for specialist equipment and vehicle leasing. SBCI has now committed €906 million in lower cost loans through eight institutions including five non-banks. 29 November 2016: The Strategic Banking Corporation of Ireland (SBCI) and FEXCO Asset Finance today announce a new funding package of €70 million ...


16 November 2016

SBCI seeks lending partners for new €150 million low-cost agri-loan scheme 

Banks and other financial institutions invited to distribute new low-cost loan scheme announced in last month’s Budget – applications to be submitted by 25th November Scheme will offer loans at 2.95% to farmers in early 2017 SBCI announces details of loan features 16 November 2016: The Strategic Banking Corporation of Ireland (SBCI) has ...


21 July 2016

SBCI supports 8,619 SMEs with loans totalling €347m 

SBCI publishes first Annual Report & Accounts and provides mid-year 2016 updateSBCI has teamed up with 7 on-lenders to provide lower-cost SME financeSMEs saving 1.5% on average market interest ratesSBCI delivering on mandate to drive competition and choice in the Irish SME lending market21 July 2016: The Strategic Banking Corporation ...


13 July 2016

SBCI and Bibby Financial Services Ireland launch €45m invoice financing fund for Irish SMEs 

SBCI continues to drive greater financing choice for SMEs and competition with first invoice finance partner 13 July 2016: The Strategic Banking Corporation of Ireland (SBCI) and Bibby Financial Services Ireland (BFSI) have today announced a new lower-cost invoice financing fund for Irish SMEs. An extension of SBCI’s on-going efforts to drive ...


20 June 2016

SBCI 2015: A positive impact on SME financing 

SBCI today published a report on the economic impact its lending activity had in the SME marketplace in 2015. Key new findings include: – SBCI lending supported 17,000 jobs in Irish SMEs – SBCI’s loan rates were on average 1.5% lower than market rates – The top 5 sectors in which lending occurred were: ...


29 April 2016

Strategic Banking Corporation of Ireland (SBCI) and First Citizen Finance announce €50m in new lower-cost funding for Irish agri-business SMEs 

First Citizen becomes sixth SBCI on-lender New hire purchase and leasing fund for agri-business SMEs to buy machinery 99% of SBCI’s original €800m funding (€790m) now allocated across three banks and three non-bank lenders Friday 29th April 2016 – The Strategic Banking Corporation of Ireland (SBCI) has today announced that First ...


03 March 2016

SBCI urges SMEs to explore new sources of funding 

CSO survey finds few SMEs medium-sized enterprises looked for finance from non-bank sources SBCI loans currently available from 3 banks and 2 non-bank lenders SBCI will add new lending partners during 2016 Shopping around may deliver significant benefits to SMEs and will help drive competition – SBCI CEO Thursday 3 March 2016: ...


14 January 2016

Strategic Banking Corporation of Ireland (SBCI) teams up with Ulster Bank to provide €75m in new lower-cost funding to Irish SMEs 

Ulster Bank becomes fifth SBCI on-lender Ulster Bank SBCI loans will attract a minimum discount of 1% compared to its usual business lending rates €750m of €800m SBCI funds (94%) now allocated across five Irish Bank and Non-Bank lenders 14 January 2016 – The Strategic Banking Corporation of Ireland (SBCI) today announced a ...