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

4:45 pm

Mr. Bernard Sheridan:

To be clear, we look at the financials of the firms on an annual basis; therefore, we are seeing the profitability levels coming through based on turnover, which is consistent with the information we are receiving on the loans and the rates they are charging.