Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
1:25 pm
Mr. Dick Spring:
In the year to date we have sanctioned 92% of applications received in the SME sector. At that rate we are obviously meeting the demand. Like Dr. Somers, I do not know the Bank of Ireland figures or how they classify them. I would say it is extremely unlikely that there is €3.5 billion of new loans in the current economy.
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