Nick Ashmore continues to be an ex-officio director as a consequence of being SBCI's chief executive.
Ann Nolan of the Department of Finance and Conor O'Kelly of the National Treasury Management Agency have also been reappointed as ex-officio members for a period of three years.
The other individuals appointed by Mr Noonan include Tom McAleese of restructuring firm Alvarez & Marsal, Barbara Cotter of A&L Goodbody solicitors, AJ Noonan, chairman of the Small Firms Association, Eilis Quinlan an ISME director, Richard Pelly, former chief executive of the European investment Fund and Rosheen McGuckian, group chief executive of NTR.
The Department of Finance said the posts were advertised.
Mr O'Kelly, SBCI chairman, said the appointments will bring a wide-range of specialist SME and lending knowledge to the organisation.
"Their expertise will be hugely valuable to the SBCI in its work to help SMEs with their financing and make it easier for them to support jobs and grow their business," Mr O'Kelly said.
Vacancies on the SBCI Board were advertised on stateboards.ie. The closing date for applications was February 6.
"I am delighted with the high calibre of candidates being appointed to the board," Mr Noonan said.