Banking body meets with farmers to find out why they are not trusted

Banking Culture Board survey highlighted an absence of trust amongst farmers in the banking sector

Pictured at a meeting between the IBCB and the IFA at the National Ploughing Championships were, L- R: Rose Mary McDonagh, Chair of the IFA Farm Business & Credit Committee; Mr. Justice John Hedigan, Chairman, IBCB; Martin Stapleton, IBCB Board Member & IFA Treasurer; Marion Kelly, CEO IBCB. Picture: Katie Boner

The Irish Banking Culture Board (IBCB) met with farming groups at the National Ploughing Championships this week to discuss the deficit of trust among farmers in banks.

The meeting with the IFA was organised by IBCB in response to the findings in its 2022 éist Report which highlighted an absence of trust amongst farmers in the banking sector and a requirement for urgent focus by banks to understand and meet the financial needs of farmers across the country.