Bank of Scotland Ireland has announced details of a new €1bn lending fund.
The bank said that it has seen unprecedented demand for lending from consumers and businesses over recent months.
The €1bn will be made up of €900m in loans and €100m in venture capital funding.
Last week the bank announced details of a €100m initiative aimed at the first time buyer mortgage market.
That money is part of the €1bn fund.
Today it said a further €100m would be made immediately available to support the hotel industry, which has been hard hit by the slowdown in the Irish and global economies.
The bank said it will make further announcements about where the money will be targeted over the coming period.
