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SBCI publishes 2018 progress update and 2017 annual report and accounts

08 Jun 2018

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:

Comment by Nick Ashmore, CEO of SBCI:

“2017 was a transformative year for SBCI as it evolved from primarily a conduit for channelling low-cost funding to SMEs to helping address the access to finance issue through the delivery of risk sharing initiatives for SMEs.

We appreciate the on-going support shown by our on-lenders in delivering these results for SMEs. Our Annual Report today sets out the strategic direction for SBCI for the coming years, noting our role as an intermediary for the effective use of EU financing supports relevant to Irish businesses and delivery of additional types of financial instruments which will enable SMEs to grow and scale-up their businesses.”

See the full report here.