Oireachtas Joint and Select Committees

Wednesday, 17 April 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Bank Charges: Discussion with Central Bank and ISME

4:30 pm

Mr. Mark Fielding:

I would like to clarify the figure of €50 billion that was mentioned earlier when we discussed the question of SME lending. Some €32 billion of that €50 billion was loaned to building companies, construction interests and people in real estate. It is property-related. Approximately €25 billion was pure SME lending. Approximately one third of that is in distress. I mention that to correct the suggestion that 50% of the €50 billion is in distress.