Dáil debates
Thursday, 14 June 2018
Ceisteanna - Questions - Priority Questions
Community Banking
10:40 am
Michael Ring (Mayo, Fine Gael) | Oireachtas source
The Minister for Finance and I have agreed the report and we want to get it published as quickly as possible. The Deputy is correct about the financial sector. I am not afraid to say it and have done so on many occasions in the House. We do not have functioning banks for small businesses. We have banks but they are not functioning. As a sitting Deputy, my constituents are coming to me and pointing out that, notwithstanding the fact that they have good collateral, they cannot get loans from banks. That is the experience with the two major banks. I would like competition in the market. We will get the report published as quickly as possible. We are engaged in consultations with other stakeholders and agencies at the moment. We want to publish the report and I guarantee that it will be published shortly.
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