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BPFI Comment on State supports for businesses

Commenting on the Government’s announcement of a suite of measures to further support small, medium and larger business that are negatively impacted by Covid-19 BPFI Chief Executive Brian Hayes said:

“A €2 billion COVID-19 Credit Guarantee Scheme is an important step in improving the serious liquidity challenges facing SMEs. Banks will immediately start working with relevant stakeholders including Government Departments and trade bodies with to view to ensuring that the operation of the scheme is as efficient as possible given the urgency of the liquidity situation. BPFI have already identified some of the key criteria which will be key to the operational efficiency of the scheme as part of our Economic Recovery Plan for SMEs published earlier this week and we will be focusing on those issues immediately.”

04/05/2020

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