News And Press Releases


16 September 2019

Ulster Bank is now accepting applications for the Future Growth Loan Scheme Fund 

The SBCI is delighted to announce that, from today, Ulster Bank is accepting loan applications for the Irish Government’s ‘Future Growth Loan Scheme,’ a €300 million loan scheme delivered by the Strategic Banking Corporation of Ireland (SBCI). The loans will be provided with a term of 8-10 years and are ...


04 September 2019

KBC Bank Announces €50m SBCI Future Growth Loan Scheme Fund 

KBC Bank Ireland is now accepting applications for Future Growth Loan Scheme Fund The SBCI is delighted to announce that KBC Bank has confirmed its participation in the Government of Ireland’s ‘Future Growth Loan Scheme’. The scheme, which will see the roll out of an overall fund of €300 ...


14 August 2019

Moody’s assigns a first time A2 issuer rating to the Strategic Banking Corporation of Ireland 

Moody’s assigns a first time A2 issuer rating to the Strategic Banking Corporation of Ireland. Click on this link for further information Moodys.com ...


27 June 2019

Bibby Financial Services Ireland and SBCI launch new Trade Finance product as part of its €70m funding facility for Irish SMEs 

Ability to buy and sell goods before needing to pay for them will enhance Irish SMEs’ capacity for international trade ahead of BrexitA new Trade Finance product that allows businesses to buy, receive and sell goods before needing to pay for them has been unveiled by Bibby Financial Services Ireland, ...


21 June 2019

Bank of Ireland Launches SBCI Future Growth Loan Scheme Fund 

Future Growth Loan Scheme aims to support SME’s and agriculture investmentsThe SBCI is delighted that Bank of Ireland confirmed its participation in the Government of Ireland’s ‘Future Growth Loan Scheme,’ designed to support the development of SME’s and Agri businesses. Bank of Ireland is now accepting applications for the scheme, ...


27 May 2019

SBCI publishes 2019 progress update and 2018 annual report and accounts 

The Strategic Banking Corporation of Ireland (SBCI), Ireland’s national promotional institution for low-cost flexible funding for SMEs, has today published a 2019 progress update and its 2018 annual report and accounts. Key information2018 saw the SBCI significantly expand its portfolio of available credit supports for SMEs. This included providing further ...


28 January 2019

SBCI and EIB sign funding agreements to facilitate Future Growth Loan Scheme 

28 January 2019 – In the context of the announcement earlier this month of an open call inviting banks and other lenders to take part in the Scheme, the Strategic Banking Corporation of Ireland (SBCI) has today detailed the signing of two funding agreements to facilitate the Future Growth Loan ...


21 January 2019

SBCI issues open call for lending partners for new €300 million Future Growth Loan Scheme 

Banks and other financial institutions are invited to apply to distribute new low-cost loan scheme announced in the 2019 Budget – applications to be submitted by 11 February 2019.This scheme will be available to eligible small businesses including the primary agriculture and seafood sectors to support strategic long-term investment in ...


11 January 2019

SBCI seeks lending partners for new €300 million Future Growth Loan Scheme 

SBCI seeks lending partners for new €300 million Future Growth Loan SchemeBanks and other financial institutions are invited to distribute new low-cost loan scheme announced in the 2019 Budget – applications to be submitted by 11 February 2019.This scheme will be available to eligible businesses including the primary agriculture and ...


18 December 2018

Strategic Banking Corporation of Ireland (SBCI) and Finance Ireland announce €75m in new funding for Irish SMEs 

Brings total SBCI funding to Finance Ireland to €126mNew funding round follows success of initial €51m facility, which has been fully taken up by SMEsFunding will support Finance Ireland’s Hire Purchase, Leasing, Working Capital and Agri Asset Finance offerings Signing of SBCI and Finance Ireland second liquidity facility with Minister Michael ...


11 October 2018

First Citizen has repaid its €40m loan Facility from the SBCI following the company’s recent raising of commercial funding. 

First Citizen has repaid its €40m loan Facility from the SBCI following the company’s recent raising of commercial funding.The SBCI had provided the facility to First Citizen in May 2016 to facilitate First Citizen to bring new products offering low-cost finance to Irish agri SMEs seeking to buy or lease ...


08 June 2018

SBCI publishes 2018 progress update and 2017 annual report and accounts 

The Strategic Banking Corporation of Ireland (SBCI), Ireland’s national promotional institution for low-cost flexible funding for SMEs, has today published a 2018 progress update and its 2017 annual report and accounts. Key information: As at end-March 2018 the SBCI has supported 23,867 SMEs, employing 122,227 people Total SBCI loans drawn down from ...


06 April 2018

Helping Irish SMEs meet their Brexit challenges 

The €300m Brexit Loan Scheme, which was launched by the Irish Government last week will be a highly effective support for businesses. Operated by the SBCI, it will provide low‐cost funding (at 4% or less), with the support of the European Investment Fund, to businesses that are innovating in response to the ...


21 December 2017

Supporting 23,000 Irish SMEs with €925m in new lending 

2017 was a transformative year for the Strategic Banking Corporation of Ireland (SBCI). We almost doubled the number of SMEs that are benefiting from our low-cost, flexible funding offerings – from 12,500 at the start of the year to 23,000 now. We have now supported over €925m in SME lending, ...


21 November 2017

SBCI seeks lending partners for new €300 million Brexit Loan scheme 

SBCI seeks lending partners for new €300 million Brexit 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 8th December 2017. Scheme will provide affordable financing to businesses that are either currently impacted by Brexit or will ...


03 August 2017

SBCI supports over 21,000 SMEs with loans totalling €855m 

SBCI publishes its mid-year 2017 update SBCI now supports loans totalling €855m to over 21,000 Irish SMEs employing over 106,000 people  57% increase in SBCI-supported loans in H1 2017  Average loan size of €42,000 continues to increase (from €40,000 in June 2016)  SMEs saving 1.15% on average market interest rates  SBCI delivering on mandate to ...


06 June 2017

The SBCI has published its annual report and accounts for 2016 

The SBCI has published its annual report and accounts for 2016. Key information: At end Dec 2016, the SBCI had supported 12,593 SMEs, employing 67,150 people, with drawn down loans totalling €544m. By end Q1 2017, a further €113m was drawn down by 2,700 SMEs – bringing total drawn ...


04 May 2017

SBCI low-cost funding now supporting 67,000 jobs in 12,500 Irish SMEs 

The Strategic Banking Corporation of Ireland (SBCI) is now supporting 12,500 Irish SMEs employing 67,000 people with its low-cost loans, according to a new economic impact report published today. The report was published in advance of the SBCI’s appearance at the Oireachtas Committee on Finance, Public Expenditure and Reform, and ...


01 March 2017

SBCI publishes progress report to end of 2016 

€544m lent to over 12,500 SMEs since inception Average loan size of €43,200 4 new lending partners during 2016, bringing total to 8 Strong demand for Agriculture Cash Flow Support Loans 1 March 2017: The Strategic Banking Corporation of Ireland (SBCI) today published a progress update for 2016 which shows that more ...


31 January 2017

SBCI names 3 lending partners for €150m Agriculture Cashflow Support loan scheme 

Low cost loans will be available this week through AIB, Bank of Ireland and Ulster Bank The Minister for Agriculture Food and the Marine, Michael Creed TD, pictured with Nick Ashmore , Chief Executive Officer of the SBCI The Strategic Banking Corporation of Ireland (SBCI) has today confirmed that AIB, Bank of ...


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 ...

 

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