56. Deputy Marcella Corcoran Kennedy asked the Minister for Finance if Allied Irish Banks and Bank of Ireland, to meet their contractual obligations with the Strategic Banking Corporation of Ireland, are required to apply a minimum percentage (details supplied) reduction on interest rates; the rate of this minimum percentage reduction on business loan interest rates to SME applicants; if the banks are required to advertise the loan interest rates as having resulted from funding from the Strategic Banking Corporation of Ireland; and if he will make a statement on the matter. [38502/15]

Summary

56. Deputy Marcella Corcoran Kennedy asked the Minister for Finance if Allied Irish Banks and Bank of Ireland, to meet their contractual obligations with the Strategic Banking Corporation of Ireland, are required to apply a minimum percentage (details supplied) reduction on interest rates; the rate of this minimum percentage reduction on business loan interest rates to SME applicants; if the banks are required to advertise the loan interest rates as having resulted from funding from the Strategic Banking Corporation of Ireland; and if he will make a statement on the matter. [38502/15]

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• Strategic Banking Corporation of Ireland

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