Dara Murphy (Cork North Central, Fine Gael) | Oireachtas source

Mr. Boucher stated that 84% of credit applications are being approved. I do not want to compare but AIB’s rate was 90%. I am not sure that many of the 15 or 16 politicians in this room would disagree that the people who come to us continue to find it extremely difficult to access credit, particularly in the SME sector. Can Mr. Boucher indicate how many applications are not formal? Bank of Ireland is approving 84% of loans for those who have completed the credit application forms and have been fully vetted by branch managers or relationship managers. These applications go up the line in a protected fashion because they have been thoroughly vetted. What percentage of loans never reach the point of formal application?