The Project is Progressing:

The Public Banking Forum of Ireland (PBFI) launched the Public Banking project in 2013. PBFI Website:


The Concept Document:

A comprehensive Concept Document for the Irish Public Banking System has been produced by the German Public Savings Bank non profit Foundation the SBFIC. The SBFIC are currently assisting with 32 projects in 31 countries, worldwide.

The Workgroup:

Work on the Business Plan, Operational Plan and Legal Structure for the Irish Public Banking System will be completed when our fundraising target of €250,000 has been reached. This work will be done by a ‘Workgroup’ led by the SBFIC and made up of a team from the SBFIC, and interested Irish groups such as ISME, the PBFI and hopefully the Credit Unions with input from the Post Offices, Farm Organisations and others.


Three political parties, two political alliances and many independent candidates now support public banking. ISME, representing over 9,500 SME’s, the BRUI and the ISBA also support the project.

The Concept Document for Ireland’s Local Public System.

The DSGV-SBFIC Produced a Concept Document for  a new Local Public Banking System tailored to the needs of the Irish economy and people. See the SBFIC page for more details.

1. Preliminary Remarks
The “German Savings Banks Association” (DSGV) and its not-for-profit consulting arm, the “Savings Banks Foundation for International Cooperation” (SBFIC), have been invited to develop a proposal to establish a new Local Public Banking System tailored to the needs of the Irish economy and people.
In 2014 representatives of SBFIC met with the “Public Banking Forum of Ireland” (PBFI). Various meetings with government representatives, politicians and Irish business associations followed and a feasibility study was carried out by SBFIC mid 2014.
The present document sketches a proposal to establish a Local Public Banking System which will help to fill supply gaps, which apparently limit the access to financial services in Ireland. An improved access to finance will be vital for a continuous economic recovery and development – especially for the local Irish SME sector and the local population.

The Choice we have:

  1. We can follow current government policy and continue to restore the 3 bailed-out too-big-to-fail commercial banks, keeping the failed oligopoly going. (AIB; 99% state owned, on life-support & owes us what..€20.8bn? The BoI essentially told government to butt out. So they may, ‘they’re a private entity’) or
  2. We can, for a total of €140m over a five-year period, establish 10 safe, solvent and ethical Regional Public Banks with the explicit purpose of serving local businesses, communities, and households.   The Credit Unions and Post Offices can play a key role in providing the Community Banking System we need. The Credit Unions need to look at radical survival options as their future is under serious threat.

The Proposal for Ireland:

The Proposal is to setup 10 Regional Public Banks in the 26 Counties and a Central Service Provider (CSP) for the banks. The CSP will be setup first, it will provide all IT, MIT, Product Design, Auditing Services etc. for the banks.

The plan is to initially setup the CSP and two or four pilot Regional Public Banks which will be used to refine and perfect the business model. The remaining banks will be established over the following years.

The Post Office Network:

Hundreds of Post Offices are under threat of being closed very soon if some drastic measures are not taken. An Post has demonstrated its commitment to getting involved in full-service community banking so the infrastructure and expertise are readily available. We believe An Post needs to pursue a model similar to the KiwiBank (Post Office Banking), established in New Zealand in 2002, and now phenomenally successful.

The Post Office Network could also serve as service outlets for the Regional Public Banks.

A Regional Public Banking System for Ireland
It really is time to repair Ireland’s blighted banking landscape with a

dedicated network of Regional Public Banks.