Oireachtas Joint and Select Committees
Wednesday, 29 January 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Report on Licensed Moneylending Industry: Central Bank of Ireland
3:55 pm
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
The profit margin in this area is so good that everybody will be seeking higher rates. It is the nature of business to want always to make more money. How much money would one of these companies make on a €1,000 loan at 287% over a four month period?
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