Oireachtas Joint and Select Committees

Thursday, 8 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012

1:15 pm

Photo of John McGuinnessJohn McGuinness (Carlow-Kilkenny, Fianna Fail) | Oireachtas source

I have no wish to labour this any more, but there is a problem with the banks and how they deal with individual mortgage holders and the SME sector at a particular level. This is my final question for Mr. Moran. Will he please acknowledge that and have it as part of the conversation with the banks on a regular basis? Have the banks given him a figure relating to those mortgages and SMEs that are in difficulty with their loans?

Have the banks provided a breakdown of the figure for the number of mortgages and loans to small to medium-sized enterprises, SMEs, those being, employers of one to ten employees, that are in difficulty? Have they indicated to the Department whether more money may be necessary to deal with this situation, given the fact that a substantial amount of money might not be repaid?

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