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
2:35 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Deputy McGrath referred to the amount drawn down as new lending. The re-financing has been drawn down but it was drawn down years ago from other institutions. Therefore, it is not new lending. The restructuring would have also been drawn down in the form of an overdraft which has been turned into a long-term or short-term loan. The draw-down is €2.5 billion for applicants who are new lenders applying for the first time for a loan from a bank. What is the total fund which has been approved for such lenders?
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