Oireachtas Joint and Select Committees
Tuesday, 23 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Report on Local Public Banking: Discussion
1:30 pm
Pearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source
Does he see any ingredients out there that will result in an improvement? Are there any signs that we can expect interest rates to be reduced for SMEs and reduce them to a more normal level when compared with the rest of Europe? Are we, given the level of concentration and the dominance enjoyed by the three banks in terms of SMEs, sure that there is no competition here and that we are likely to see those elevated interest rates being imposed on businesses for a quite a period yet?