Public Banking

What is Sparkasse!

Posted on: December 14th, 2017 by Louise Lennon

What is Sparkasse!

Below is link to a short video explaining how German Sparkasse model of banking works. Irish Rural Link have been working with Sparkasse Germany for over two years on how this model of Local Public Banking could work in Ireland and have made proposals to Government to pilot this model in the Midlands region of the country

 

Irish Rural Link Present to the Oireachtas Finance Committee

Posted on: November 15th, 2017 by Louise Lennon

Irish Rural Link presented to the Oireachtas Finance Committee along with SBFIC Germany on the 12th October 2017 on a Local Public Banking Model in Ireland. The model proposed is similar to the German Sparkassen Model.

A copy of Seamus Boland’s (CEO Irish Rural Link) and Niclaus Bergmann (SBFIC) opening statements are available

Seamus Boland Opening Statement

Niclaus Bergmann Opening Statement

Submission on Local Public Banking

Posted on: April 11th, 2017 by Louise Lennon

The impact of the recession and austerity budgets that followed is still being felt in many rural areas and have not seen the same level of economic growth or employment as more urban areas have over the past couple of years.┬áSmall and Medium sized companies are the backbone of rural areas and are a key employer. However, since the financial crash, a lack of credit circulating was the main factor affecting communities as SMEs in particular tried to survive the economic downturn. The closing of many rural bank branches compounded the feeling of abandonment by the banks in these communities………full submission available Here