Oireachtas Joint and Select Committees

Tuesday, 30 June 2020

Special Committee on Covid-19 Response

Impact of Covid-19: SME Recovery

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael) | Oireachtas source

I thank Mr. Moran for coming in this morning and for his contribution over the past three to four months in dealing with very difficult issues within the small business sector. I want to focus on the banks and his own experience. In terms of the issues I am coming up against, a very simple one is where people are having difficulty in drawing down mortgages, which means builders do not get paid and are not able to pay their suppliers, whether it is the people doing the plumbing and electrical work or the people supplying those contractors. What is Mr. Moran's experience in respect of the banks and how does he believe they could further help at the present time? I have found that many of the decisions by the banks have not been helpful.

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