Tuesday, 17 December 2019

Questions (138)

Robert Troy

Question:

138. Deputy Robert Troy asked the Minister for Finance the details of each bank and non-bank on lender of SBCI funds in 2018 and to date in 2019; and the amount loaned to SMEs, in tabular form. [53310/19]

View answer

Written answers (Question to Finance)

The Strategic Banking Corporation of Ireland (SBCI) is Ireland’s national promotional institution. The purpose of the SBCI is to deliver effective financial supports to Irish SMEs to address gaps and potential failures in the Irish SME finance market as well as encouraging competition and innovation, and facilitating the efficient and effective use of EU resources and financial instruments. The SBCI achieves this through the provision of low cost liquidity and risk-sharing guarantee activities that support the provision of appropriately priced, flexible funding to Irish SMEs.

The SBCI has provided funding to a mixture of both banks and non-bank finance providers and currently has 6 on-lenders, 4 bank and 3 non-bank finance providers: AIB, Bank of Ireland, Ulster Bank, KBC, Finance Ireland Limited, Bibby Financial Services Ireland, and FEXCO Asset Finance. Additionally in 2018, the SBCI had a further non-bank finance provider as an on-lender, First Citizen Agri Finance, this facility was closed in October 2018 following First Citizen Agri Finance raising commercial funding.  

The SBCI has supported SME lending in 2018 and to date in 2019 as follows:

2018

 

 

 

 

Total

Liquidity

Risk Sharing (Brexit loan Scheme)

Number of SBCI Loans secured by SMEs

3207

3149

58

Total lending

€152,585,547

€139,365,547

€13,220,000

2019

 

 

 

 

Total

Liquidity

Risk Sharing (Brexit loan Scheme and Future   Growth loan scheme)

Number of SBCI Loans secured by SMEs

2898

2087

811

Total lending

€260,329,384

€101,951,404    

€158,377,980

It is not possible to give an individual on-lender breakdown for commercial sensitivity reasons.

Please note that for 2019 the Risk sharing figures refer to loans that have been sanctioned, but are still awaiting drawdown. The vast majority of the Future Growth Loan Scheme loan approvals occurred in Q4 2019 and drawdown details will not be available until early Q1 2020.