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Functions of SBCI
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8. (1) The functions of the SBCI shall be—
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(a) to provide, and promote the provision of, additional credit in a prudent manner to enterprises or other persons in the State, in particular SMEs,
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(b) to design or cause to be designed credit facilities which consistently address the financial needs of borrowers, in particular SMEs, be they related to growth, investment or operational needs,
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(c) to promote competition in markets for the provision of credit to borrowers, in particular SMEs,
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(d) to encourage an increase in the number of providers of finance to borrowers in the State,
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(e) to encourage the entry to the market of new providers of credit,
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(f) to contribute to the diversity of the types of finance available in the State,
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(g) to source international funding to facilitate lending,
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(h) to provide finance to projects which promote the economic development of the State,
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(i) to facilitate the operation of diverse credit markets, and
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(j) to carry out any functions that are ancillary, consequential or supplemental to the matters mentioned in paragraphs (a) to (i).
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(2) So far as possible, the SBCI shall, consistent with the achievement of its functions under subsection (1) , seek to obtain a positive financial return for the State.
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