About the SBCI The SBCI was established to offer low-cost credit to Irish SMEs, while driving competition and innovation in the Irish finance market. See Our Products Contact Us The SBCI was established in September 2014 following Ireland’s exit from the EU/IMF programme, to ensure that businesses could access funding when the private sector could not or would not provide funding. Today, the SBCI aims to help SMEs grow, innovate and prosper, leading to a better economy for all. Unlike many European countries, Ireland did not have a state development bank to sustain funding to businesses during the financial crisis. During Ireland’s exit from the EU/IMF programme in late 2013, the Taoiseach and German Chancellor agreed that the German promotional bank Kreditanstalt für Wiederaufbau (KfW) would help support the Irish SME sector. This European agreement led to the creation of the SBCI, ensuring that in future, Irish businesses could have access to long-term, lower cost funding. The Department of Finance and the National Treasury Management Agency (NTMA) worked throughout 2014 to create the necessary mechanisms to establish the SBCI. Building on the initial funding offer from the KfW, the project team added funding from the European Investment Bank (EIB) and the Ireland Strategic Investment Fund (ISIF), a new fund to which the assets of the National Pensions Reserve Fund (NPRF) were transferred. The Government approved this approach and legislation enabling the establishment of the SBCI was passed by the Oireachtas in July 2014. The SBCI was formally launched by the then Minister for Finance, Michael Noonan, on 31 October 2014, in conjunction with Minister Brendan Howlin; the German Minister for Finance, Wolfgang Schäuble; President Werner Hoyer of the EIB and Ulrich Schröder of the KfW. Learn More The Strategic Banking Corporation of Ireland is incorporated in Ireland and is a private company limited by shares. Registered office Treasury Dock, North Wall Quay Dublin 1 Eircode: D01 A9T8 ABOUT US OUR PRODUCTS OUR PARTNERS LEGAL Supported by Registered number: 549539 © Copyright 2020 SBCI, Strategic Banking Corporation of Ireland Website by Kooba By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyse site usage. Cookie Policy Accept All Cookies Use Necessary Cookies Only Cookies Settings