Seán Sherlock (Cork East, Labour)

The Deputy referred to ISME's report, but there is also a Mazars report. The Credit Review Office, CRO, is our benchmark, but should not be viewed as a permanent fixture. According to a figure in the Mazars report, a demand survey showed that only 36% of SMEs sought credit in the April-September period. As the domestic economy recovers and SMEs seek to increase working capital, the demand for lending will increase and two factors will point to CRO assistance being required. The ultimate aim is to drive credit through the system

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