Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

The last item the Minister mentioned sounds like a worthy scheme. In cases of which I have been made aware, one of the main banks - not a pillar bank - is actively exiting the SME market and trying to sell loans off to various venture or vulture funds. The pillar banks have put facilities in place, but the bank that is exiting the SME market will not accept them. Will the Minister's proposals assist companies that are viable? The two companies I am dealing with, each employing 50 people, face the sale of their bank loans to someone they do not know.

When will the Minister for Finance publish targets for the restructuring of SME debt? They should be published every quarter so that we can see how banks are doing, in the same way as for the mortgage market.

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