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SBCI advanced €60m to firm which then bailed out its UK parent

SBCI advanced €60m to firm which then bailed out its UK parent €70m in lending was approved for Bibby Financial Services Ireland, with Public Accounts Committee told that Irish branch paid €30m of that to its UK company Marc MacSharry: Asked that the Office of the Director of Corporate Enforcement  examine the support that was given to Bibby. Tue, 09 Mar, 2021 - 20:30 Daniel McConnell,  Political Editor The State agency for business lending has advanced €60m to a firm which then used the money to bail out its UK parent company, the Dáil s Public Accounts Committee has heard. During a session with the Strategic Banking Corporation of Ireland (SBCI), it emerged that €70m in lending was approved for Bibby Financial Services Ireland, a subsidiary of the Bibby shipping group in the UK.

PTSB and Bibby team up to offer new services to SMEs

PTSB and Bibby team up to offer new services to SMEs Updated / Tuesday, 16 Feb 2021 11:10 Bibby Financial Services Ireland and Permanent TSB team up to offer Invoice Finance services to businesses Bibby Financial Services Ireland and Permanent TSB have teamed up to offer PTSB business customers an enhanced range of funding solutions designed to improve cash flow and fund their growth ambitions.  The new relationship between the bank and the specialist lender is one of the first of its kind in Ireland.  The new strategic partnership will see Bibby Financial Services Ireland offer Invoice Finance services to Permanent TSB customers. Invoice Finance offers businesses access to cashflow outstanding from their unpaid invoices, helping them to access income they have already earned but not yet received. 

Small businesses urged to use available Brexit supports

Updated / Friday, 5 Feb 2021 07:20 The LEO webinar will address, among other issues, how businesses can adapt to the new regime and the range of Government supports that are available to them The Local Enterprise Office network is holding a webinar for small businesses today on changes to the trade regime since the UK left the EU at the start of January. The webinar will address, among other issues, how businesses can adapt to the new regime and the range of Government supports that are available to them.  Bord Bia will provide advice on supply chain management and customs procedures for exporting.

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