Written answers
Thursday, 3 October 2013
Department of Finance
Credit Review Office Appeals
Patrick O'Donovan (Limerick, Fine Gael)
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74. To ask the Minister for Finance if he will provide a breakdown by month of the number of appeals to the Credit Review Office and the numbers that have been successful since its creation to August 2013; and if he will make a statement on the matter. [41616/13]
Michael Noonan (Limerick City, Fine Gael)
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The Credit Review Office has provided me with the following information:
Month | Eligible Cases |
---|---|
Apr-10 | 2 |
May-10 | 5 |
Jun-10 | 4 |
Jul-10 | 1 |
Aug-10 | 4 |
Sep-10 | 3 |
Oct-10 | 7 |
Nov-10 | 8 |
Dec-10 | 5 |
Jan-11 | 3 |
Feb-11 | 6 |
Mar-11 | 7 |
Apr-11 | 5 |
May-11 | 7 |
Jun-11 | 5 |
Jul-11 | 2 |
Aug-11 | 8 |
Sep-11 | 8 |
Oct-11 | 8 |
Nov-11 | 5 |
Dec-11 | 4 |
Jan-12 | 6 |
Feb-12 | 8 |
Mar-12 | 5 |
Apr-12 | 14 |
May-12 | 14 |
Jun-12 | 17 |
Jul-12 | 14 |
Aug-12 | 10 |
Sep-12 | 9 |
Oct-12 | 14 |
Nov-12 | 15 |
Dec-12 | 7 |
Jan-13 | 11 |
Feb-13 | 18 |
Mar-13 | 6 |
Apr-13 | 8 |
May-13 | 7 |
Jun-13 | 7 |
Jul-13 | 13 |
Aug-13 | 8 |
Total | 318 |
- | No. |
---|---|
Work in Progress | 20 |
Bank Upheld | 118 |
Borrower Upheld | 147 |
More Work or Withdrawn | 33 |
Combined Total | 318 |
These figures show that the Credit Review Office upheld the credit appeal 147 times or 55% of cases concluded to end August 2013. This shows that there is a strong prospect of success for businesses going to the Credit Review Office and I would strongly encourage SMEs refused credit to seek a review by the Office.
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