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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 will move on to the answers now. You may wish to include the question of the cost of the credit, Mr. Brown. There are questions I could ask myself but we are short on time.

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: Our members are satisfied. Thank you for coming in today. As I noted at the end of the last presentation, we are engaged in a report on how the banks are performing in lending and the associated costs. We are also looking at other options of raising finance for businesses and the associated areas. We will feed back our recommendations and conclusions towards the end of the preparation of...

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: Is the business closed?

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: Was it not answered?

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: Thirty-five percent of pure SMEs.

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: It is not necessary. Please keep to SME lending, or we are moving 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 thank Mr. Brown and call Deputy Dara Calleary.

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: A number of other members have expressed that view. I must wrap up. There is no time for more questions because representatives of another bank are waiting to appear before the committee. Do the witnesses wish to make any concluding comments?

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: Thank you. The meeting today is for a report on this area which we are preparing over the next two months. We will share the results with you. We are talking not just to banks but also to stakeholders and business users on all sides to see if there is a problem and where it is and to highlight any solutions. If we identify areas of concern that we think you can have a role in addressing,...

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: With regard to SMEs?

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 a short time and I would like to keep the discussion to SME lending. I ask the Deputy to confine his questions to this. Everybody else has managed 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: I want to clarify. I asked all committee members at the beginning of the meeting to keep questions to the area of SME lending. We are very tight on time. I need to keep the questions to this area.

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 wish to add a comment. The overall cost of credit to business has increased and it has become quite expensive to borrow money.

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: It is not for today.

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 please. Many questions have been put and committee members want answers. We have a very strict line of inquiry.

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: As a point of clarity, out of the nine out of ten cases restructured, are the majority of them long-term restructured or are some of them still in short-term arrangements?

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Business of Joint Committee (15 Apr 2014)

Damien English: As we have a quorum the meeting is in public session. Apologies have been received from Deputies Áine Collins and Senator Deirdre Clune. I propose we postpone the private session of the meeting until later. Is that agreed? Agreed.

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 will begin our discussion with Mr. Richie Boucher, group chief executive, Bank of Ireland, on access to finance for small and medium enterprises, SMEs. We asked the witnesses from the three banks to come in a little earlier because of a clash in timing between this meeting and Question Time. I welcome Mr. Richie Boucher, group chief executive, Mr. Liam McLoughlin, chief executive of...

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 Mr. Boucher and Mr. McLoughlin. I will call Deputies Dara Calleary and Peadar Tóibín first in case they have to leave to take part at Question Time in the Dáil.

Written Answers — Department of Education and Skills: Schools Building Projects Status (15 Apr 2014)

Damien English: 240. To ask the Minister for Education and Skills if he will provide an update on the provision of a site for a new school build (details supplied) in County Meath; the timeframe required to develop on this site; and if he will make a statement on the matter. [17620/14]

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