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Having an overdraft is, in the absence of another cash buffer, a useful facility in case of unforeseen events.
"The financing will serve as a cash buffer to support our continued growth, allowing us to scale," he said.
Ireland also has a €5 billion cash buffer in reserve from auctions last year, he added.
Banks said they had a €1bn cash buffer to see them through the weekend – equal to just €90 (£64) a head for Greece's 11 million people.
This week it said that its cash buffer has risen to around 6.4% thanks to sales of office blocks in London and Manchester.
Demand is still weak, and many calculate that a cash buffer may prove vital if the euro-zone crisis worsens.
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"They probably have the cash buffers to make it through April, but not June".
Ireland has accumulated significant cash buffers under the programme, helped by the decision taken earlier this year by European creditors to extend the maturities on loans granted to Ireland.
"The cash buffers have given us the kind of backstop that we need," he said, Reuters reported.
British firms went into the crisis with cash buffers that could pay for surplus staff, but few bosses can justify excess headcount for half a decade.
Having said that, we note that the Greek government has reassured the public that they have money to pay the IMF on April 9 – we believe by using cash buffers from local governments and other state entities," the Bank of America Merrill Lynch analyst said.
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