The Purpose of the Public Banking Alliance Campaign is to introduce a comprehensive Regional Community-Public Banking System to Ireland.

With the main objectives of,

  • Supporting Small Businesses and families
  • Strengthening and empowering communities
  • Providing safety for depositors

In Ireland Small and Medium Size Businesses (SME’s) provide c. 70% of all our jobs.

The State is borrowing money from a German Public Bank, KfW, channeling it through the SBCI (Strategic Banking Corporation of Ireland) and on-wards to the Irish Commercial Banks, for them to on-lend at margins of up to 3% to Irish SME’s. The State/taxpayers is essentially subsidising the commercial banks.

SME financing, Q4, 2019 ISME members survey shows SME demand for funding at 24% and loan refusal rates decrease from 58% to 19%, with 44% being partially successful. ISME represents 9,500 SME’s. ISME bank-watch Link:

Unsecured Lenders:

The Current situation with the Commercial Banks is that your savings are not safe in them; depositors are classed as unsecured lenders to the bank. In the 2013 Cyprus Bail-in, the banks took 47.5% of depositor’s money over €100k.

A Regional Community-Public Banking project would properly support the crucial SME sector and the regions.

We invite all to join and support this vital project.

Sir Mervin King

Sir Mervyn King, Governor of the Bank of England,

This control and power should not be in the hands of a few CEOs of the private commercial banks!