Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

The sanctions are way over the level of drawdowns, and they have been consistently. The number of sanctions has been increasing regularly since 2014. Can the witnesses explain why the level of drawdowns is so weak in comparison to the level of sanctions? In the context of the idea that we need to create more demand, one third of the loans the bank has authorised have not been drawn down in the first quarter. I know there is a timing issue, but across a three-year period, approximately one third of loans are not being drawn down.