Peadar Tóibín (Meath West, Sinn Fein)
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I apologise for missing most of the presentation. I have just come from Oral Questions and, bizarrely, it is running concurrently with this meeting.

The witnesses mentioned that 94% of formal loan applications are successful. Is there any method of filtering potential clients before that formal application? How many are filtered out before making a formal application? What is the percentage of interested clients who make early requests for information and what percentage is filtered out?

With regard to the bank balance sheet, are SMEs in debt distress? What percentage are in debt distress? What restructuring does Ulster Bank offer businesses in debt distress? Has it written down any of the debt? Is it the understanding of Ulster Bank that businesses in debt distress have closed down? Are there figures available for its former clients? Do any of the figures refer to the rolling over of loans or is it new lending? What is the percentage drawdown of people who have been given approval for loans?