Results 22,741-22,760 of 26,157 for speaker:Kieran O'Donnell
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: I will leave it at that.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: That is something to change. I shall return to the figures quoted by Mr. Trethowan regarding lending. The banks were required to provide €8 billion for lending in 2012.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Mr. Trethowan told me that out of that sum, €2.5 billion was new lending and, effectively, €4.5 billion was for restructuring. Does that €2.5 billion represent approved or drawn-down lending?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Was it drawn down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Does Mr. Trethowan know the figure that was drawn down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: The banks have contracted SME lending, from what we can see here, by €2 billion. They may even have contracted it by more because it may be sanctioned lending rather than drawn-down lending. Does the Credit Review Office analyse the figures in depth with the banks? I ask that it do so. The banks have been before the committee and the representative of Bank of Ireland told us that...
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: That is €4.1 billion versus €2.5 billion. Someone here is not telling us the facts and I ask the Credit Review Office to go to the banks.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Is that within the €2.5 billion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: That is not new lending.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: May I ask a final question? I ask Mr. Trethowan to examine those figures in depth. Obviously that has not happened. Restructuring an overdraft into a term loan is not new lending.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: How much of the €2.5 billion is new lending that was drawn down?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Mr. Trethowan said that some of it was overdraft restructuring.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: That is not new lending but new overdrafts.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Much of the areas of interest to me have been covered. How many appeals were made from inception last year?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Some 42% of the internal reviews ended up going to the Credit Review Office, with 331 cases out of 784 internal reviews. That is well below 50% of the banks' internal reviews going to the Credit Review Office. The 55% of appeals upheld gave rise to additional lending of €13 million. Does that amount to 250 incidents?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Where does the figure of €13 million come from?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: The cases where the banks' decisions were overturned amount to €13 million and cases where they were not overturned amount to €7.7 million. The role of the Credit Review Office is within the SME sector. Is Mr. Trethowan's happy that the limit of €500,000 is high enough?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Does the office charge for that opinion?
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: Mr. Trethowan's office has the flexibility to deal with specific cases.
- Joint Oireachtas Committee on Finance, Public Expenditure and Reform: Access to Credit Provision: Discussion with Credit Review Office (20 Feb 2013)
Kieran O'Donnell: How many people are in Mr. Trethowan's organisation?