Strategic Banking Corporation of Ireland Act 2014
Purposes of Act | ||
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2. The purposes of this Act are— | ||
(a) to encourage the giving of credit in a prudent manner to enterprises and other persons in the State, in particular SMEs, and facilitate the availability of credit in the State to benefit the economy and the economic well-being of the State, | ||
(b) by forming the private company referred to in section 5 , to enable, facilitate and encourage new providers of credit within the State to facilitate— | ||
(i) availing of credit and making credit available through on-lending to enterprises, in particular SMEs, and persons, in the State, and | ||
(ii) the making available of funding for the provision of credit to enterprises, in particular SMEs, and persons, in the State, | ||
(c) to avail of sources, both in and outside the State, of funding for the purposes of making credit available to persons, and in particular SMEs, in the State, | ||
(d) to enable the Minister to guarantee borrowings of and provide funding to the company referred to in section 5 to facilitate and promote funding for the purposes of making credit available, | ||
(e) to address the compelling need to facilitate the availability of suitable credit in the economy of the State, | ||
(f) to protect the interests of taxpayers, | ||
(g) to contribute to the economic development of the State, | ||
(h) to enhance the competitiveness of the economy of the State, and | ||
(i) to provide for related ancillary and consequential matters connected to the above purposes. |