Oireachtas Joint and Select Committees

Wednesday, 20 February 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Access to Credit Provision: Discussion with Credit Review Office

2:15 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

The overall figures relating to the two pillar banks for 2012, which are contained in Mr. Trethowan's most recent quarterly report, indicate that these banks have met their SME loan targets of €3.5 billion. The report also indicates that over €8 billion in credit was sanctioned in 2012 and that €2.5 billion of this was new lending that was drawn down. How much of the €8 billion - some of which related to loans that were rolled over or restructured - was drawn down?

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