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
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
The SMEs made repayments of approximately €4.5 billion and, as a result, the balance sheets of the banks actually contracted by approximately €2 billion. This means that the amount of money circulating in the economy in 2012 was €2 billion less than expected.
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