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
4:15 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
I wish to ask a very simple question. Mr. Sheridan gave us a figure for the number of customers. Therefore, I assume that there have been over 500,000 moneylender loans in the State over the past 12 months. I have made that assumption based on the fact that Mr. Sheridan has said that there are 360,000 customers, 26% of whom are currently paying off at least two loans, and 6% have more than two loans. That takes the figure up to about 500,000 loans by moneylenders in the past 12 months. Is that correct?
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