Oireachtas Joint and Select Committees

Tuesday, 6 May 2014

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Access to Finance for SMEs (Resumed): Credit Review Office and Chambers Ireland

2:10 pm

Photo of Anthony LawlorAnthony Lawlor (Kildare North, Fine Gael) | Oireachtas source

I thank Mr. Trethowan for coming in. The key statistic in the reports that he has given us recently relates to the number of people who are appealing the decisions on their loan applications. We have trying to transmit the message that this service is available. We have been told that 55% of appeals are decided in favour of borrowers. What reasons are given by the banks to explain their failure to allow these loans to progress naturally? What can the committee learn from that? We are keen to direct SMEs in a way that will ensure this does not happen to them when they approach banks.

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