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Written Answers — Department of Health: Neuro-Rehabilitation Services Provision (30 Apr 2014)

Damien English: 868. To ask the Minister for Health in view of the fact that the need for a new approach to the provision of services for persons with neurological conditions was recognised and that the national policy and strategy for provision of neuro-rehabilitation services in Ireland 2011-2015 was published in November 2011, his views on the way services can be bettered for those families living and...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Deputy Mathews, we are dealing now with the rental sector.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: I invite the witnesses to respond to the question in regard to funding into the construction sector. I do not want them to engage in a debate on mortgages and so on.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: I accept that.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: The witnesses have addressed the issue of the financial capability of businesses in great detail today. There is some doubt in my mind as to whether this is an issue. However, it is highlighted in many reports, including the InterTradeIreland report, as a major issue. One of the key recommendations is that the Government address it as soon as possible. I have always believed in the need...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: I thank the witnesses for attending today's meeting, which has been very informative. I thank them for the honest and frank interaction with members, which is of great assistance to us in terms of putting together a report for the Government on the issue not only of bank lending but of financing in general to business. Dealing with legacy debts is an issue for all of us. I thank the...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Will the Deputy ask a question soon?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: The Deputy must ask a question.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Mr. Byrne has read it, so we will move on.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: We have time now for Deputy Mathews to ask some questions if he so wishes.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Mr. Burke mentioned a fund for customers of banks that are leaving our shores. Is that available to those who have had debt difficulties with that bank and have come to an arrangement with it?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Does that apply to all viable business, be it in the agriculture or retail sector and so on?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: What percentage of equity would the bank seek from a business owner if it were not looking for a personal guarantee?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: How does AIB’s cost of credit compare to the European market?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Before calling Deputy Calleary I seek clarification on the debt compromise. Is that when a business is still in operation-----

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: -----or is it similar to other banks in that it is only occurs at the end of the day?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: In regard to restructuring, I accept that the compromise arrangement Mr. O'Connor outlined is a long-term fix. That is great. Is it the case, however, that for the majority of AIB's 9,000 SME customers, they will be seeing short-term rather than long-term solutions?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: I welcome the delegation from AIB for a discussion on access to finance for small and medium-sized enterprises. I welcome Mr. Bernard Byrne, director of personal business and corporate banking, Mr. Brendan O'Connor, head of financial solutions group, Mr. Denis O'Callaghan, head of branch banking, and Mr. Ken Burke, head of business banking. I apologise to the witnesses for the delay in...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Deputy Mathews, I want to move on to the answers, please.

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB (15 Apr 2014)

Damien English: Deputy, a question, please.

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