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Wednesday, 7th June 2023
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Launch of the Strategic Banking Corporation, accompanied by announcement of €400 million SME loan funding by onlenders AIB and Bank of Ireland    
The SBCI, a Government initiative to increase the availability of loan finance to small and medium sized enterprises was launched today, accompanied by announcements from AIB and Bank of Ireland that they will act as onlenders for the funds. The rate will be 4.5 per cent, approximately 200 basis points lower than current lending in the marketplace, and will range in maturities of 2 to 10 years.

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