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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)

Dara Calleary: I have a number of general questions. Mr. O'Connor said that AIB did €4.3 billion in lending in 2013, or approved €4.3 billion. How much of that was drawn down during the course of the year? What plans does AIB have to increase the draw-down rate? AIB's internal appeals mechanism has a 34% success rate compared to an average of 55% from the Credit Review Office. How many...

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

Dara Calleary: Does AIB automatically give the Credit Review Office, CRO, contact details to everybody who is declined?

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

Dara Calleary: AIB is on a group with the most successful entrepreneurs in the country who have been tasked by the Minister to tell him what they think about entrepreneurship in Ireland. They are not people who make flamboyant statements. They just get on with their job. Did it not wake up AIB when they used the term "backwater behaviour"? Should we be doing something different in that regard? I asked...

Other Questions: Horizon 2020 Strategy Funding (15 Apr 2014)

Dara Calleary: There is no plan.

Other Questions: Horizon 2020 Strategy Funding (15 Apr 2014)

Dara Calleary: Where is it?

Other Questions: Horizon 2020 Strategy Funding (15 Apr 2014)

Dara Calleary: 105. To ask the Minister for Jobs, Enterprise and Innovation how Ireland will be able to maximise funding for research and development under the Horizon 2020 plan; and if he will make a statement on the matter. [17458/14]

Other Questions: Horizon 2020 Strategy Funding (15 Apr 2014)

Dara Calleary: I thank the Leas-Cheann Comhairle for facilitating us. I must point out that we were elsewhere on the premises dealing with other business. Horizon 2020 is hugely important for this country. The Minister of State, Deputy Sherlock, has indicated that a potential gain of €1.1 billion over the next ten years has been identified. How is it intended to pursue this funding and, in...

Other Questions: Horizon 2020 Strategy Funding (15 Apr 2014)

Dara Calleary: Will the Minister of State confirm whether a plan has been prepared? If the answer is in the negative, will he indicate when one will be prepared and submitted to the Commission for consideration? The role played by Ms Máire Geoghegan-Quinn, our Commissioner to the EU, in respect of this matter should be acknowledged. This is the only area in respect of which an increase has been...

Other Questions: Horizon 2020 Strategy Funding (15 Apr 2014)

Dara Calleary: COSME is completely separate from Horizon 2020. I must again ask if there is a national plan in respect of how we are going to obtain the €1.25 billion targeted in the context of Horizon 2020. What is the precise role of the high level group, particularly in the context of the national strategy to which the Minister of State referred? If there is a plan in existence, has it been...

Other Questions: Small and Medium Enterprises Supports (15 Apr 2014)

Dara Calleary: They are a flop.

Other Questions: Small and Medium Enterprises Supports (15 Apr 2014)

Dara Calleary: This situation is a consequence of the new rules brought in by the Government in order to avoid scrutiny.

Other Questions: Small and Medium Enterprises Supports (15 Apr 2014)

Dara Calleary: The Government took the decision not to permit Opposition spokespersons to put colleagues' questions in the House.

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

Dara Calleary: I thank the delegation from Ulster Bank. I shall ask a couple of general questions first and then I shall ask some specific questions, particularly on the work of the bank's global restructuring group. Mr. Brown gave figures on lending and stated that €1.2 billion had been set aside for 2014.

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

Dara Calleary: How much was set aside for 2013? How much was approved? How much was drawn down? Is there a difference between the two figures?

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

Dara Calleary: In terms of the budget for 2013, I want a figure for what was allocated and what was drawn down. It is one thing to say that there is approved lending. We have got feedback from businesses that loans are often approved but the drawdown conditions are so unreasonable that businesses do not proceed to draw down. Also, the length of the approval process for drawing down is a major issue.

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

Dara Calleary: Has Ulster Bank had discussions with the Credit Review Office about making it one of the banks included in the credit review scheme?

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

Dara Calleary: With regard to the work of the global restructuring group, Mr. Brown said he had 300 people in Ireland working on issues. Do they work for the group or are they part of a separate operation?

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

Dara Calleary: Mr. Brown was pretty critical of Lawrence Tomlinson, entrepreneur in residence at the Department of Business, Innovation and Skills in the UK. He compiled a report on banking for SMEs in the UK and, in particular, he had a lot of harsh things to say about RBS. Mr. Brown has been very critical of his findings. Have there been any findings within Ulster Bank? It has been suggested that...

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

Dara Calleary: What has the review found to date?

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

Dara Calleary: There is one very high-profile case. His testimony would identify exactly - and replicated exactly what Mr. Tomlinson reported - a matter which was in the public domain before Mr. Brown did his interview with the Belfast Telegraph. Is Mr. Brown saying he is very happy with the way customers are being treated by Ulster Bank? Is he saying he has no difficulties with the work of the global...

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