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

1:45 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour) | Oireachtas source

I would like to apologise to the witnesses for the unfair question I asked earlier about the bank's lending rates. I based my question on the submission we received, which stated that the Bank of Ireland exceeded the €3.5 million in lending to small and medium sized businesses. It is stated in that submission that credit approved for customers seeking restructuring facilities is excluded from these figures. It has been just pointed out to me that on 17 December the Bank of Ireland stated the opposite. As such, my question was unfair, for which I apologise.

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