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

Mr. Patrick Casey:

We are not preventing them in any way. They have ample capacity to undertake commercial lending. The outstanding stock of SME loans in the credit union sector is approximately €90 million but the sector has the capacity to lend around ten times that amount today.