Reuters reports the latest statement released by the Bank of Ireland, citing that it will set aside 2 billion euros (GBP 1.74 billion) for lending to small and medium businesses that need capital to adapt to the challenges of Britain’s departure from the European Union (EU).
Gavin Kelly, CEO of Retail Ireland at Bank of Ireland, noted: “This 2 billion euro fund will provide support to businesses regardless of how the UK exits the EU.”
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