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

2:45 pm

Photo of Simon HarrisSimon Harris (Wicklow, Fine Gael) | Oireachtas source

I refer to some other issues. Enterprise Ireland attended the Committee of Public Accounts some weeks ago. A number of years ago it set up a banking relationship unit. The head of that unit told me at the committee that the biggest difficulty it has with banks is the lack of a skill set, to which Mr. Trethowan also referred. Enterprise Ireland specifically referred to this at the committee in regard to banks not having knowledge of new markets or new products. Our banks which were traditionally good at selling bricks and mortar are now finding it difficult to understand the credit possibilities that can arise from supporting a business with a new technological product or emerging markets. Has Mr. Trethowan had any experience of this or has he had any dealings with Enterprise Ireland in regard to that difficulty?

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