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SBCI Annual Report & Financial Statements 2020

News
23 Jun 2021

The SBCI has published its Annual Report and Financial Statements for 2020.

Key information:

Comment by Ian Black, Interim CEO of SBCI:

“The SBCI is delivering on its mandate to drive competition and increase choice in the Irish SME lending market. Against the backdrop of the Covid-19 pandemic, the SBCI achieved strong growth in new lending in 2020, demonstrating the positive impact of the SBCI’s lower cost funding and guarantee schemes on the Irish SME finance market.

The SBCI’s Annual Report today restates the strategic direction for the SBCI for the coming years, pointing out our pivotal role as a conduit for the effective use of EU SME supports relevant to Irish businesses”.