Oireachtas Joint and Select Committees
Wednesday, 29 January 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Report on Licensed Moneylending Industry: Central Bank of Ireland
3:55 pm
Ciarán Lynch (Cork South Central, Labour)
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Some of the companies operating in this area in Britain are very big and must certainly be looking at the Irish market. It is obviously a profitable business area given there are 360,000 operators engaged in it. Would the Central Bank be concerned about interest rates which are in excess of 3,000%, 4,000% and 5,000%?