1. Reporting entity
The SBCI is a company domiciled in Ireland. The Company was established pursuant to the SBCI Act 2014 on 12 September 2014. The Company avails of national and international sources of funding for the purpose of providing lower cost funding to on-lenders who are required to pass on the advantageous rate to SME borrowers in Ireland.
The Company is a single member private company limited by shares incorporated under the Companies Act 2014 (Registered No. 549539).The issued share capital of the SBCI is owned solely by the Minister for Finance.
The Company’s registered office is at Treasury Building, Grand Canal Street, Dublin 2, D02 XN96.
These financial statements comprise the financial results of the Company.