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

I welcome our guests. This has been a fascinating discussion. I have in front of me the papers submitted by the banks and it has been extremely interesting to listen to what employers have to say on the various matters to which they relate.

The cost of loans is a major issue. Said cost is probably scaring people off in the context of drawing down loans. The difference between the cost of loans here and that which obtains in the UK is striking. The representatives from InterTradeIreland made a valid point with regard to loans when they came before us. Loans are being approved and drawn down but the issue which arises relates to the type of companies by which they are being drawn down. I am of the view that, in the context of the financial crisis, the pendulum has swung all the way to the opposite side and that there is a need for it to come back to the centre. The key issue in that regard relates to the quality of the staff available to analyse loan applications. However, applicants also have a responsibility in the context of outlining their position accurately. InterTradeIreland clearly stated that up to 90% of people who made proper applications received loan approval.