Arthur Morgan (Louth, Sinn Fein)
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Question 106: To ask the Minister for Finance the number of refusals of credit that have been overturned by the Credit Review Office or as part of its internal review process within the two main banks; if any of the banks declined to follow the recommendations of the Credit Review Office; if the banks have refused to follow the recommendations of the Credit Review Office; the number of times this has happened. [41571/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Credit Review Office has completed reviews of a total of seventeen cases, it upheld the banks' decisions in eleven cases, in two cases it considered that more work was required by the bank and the borrower and it disputed decisions of the banks to refuse credit in four cases. In all these cases, the banks have cooperated when the Credit Review Office has asked the banks to reconsider their lending decline decisions. John Trethowan also worked with the two banks to ensure that their internal appeals systems for borrowers were placed on a more formal footing. A total of 114 applications for internal review were received in the banks, of which 86 refusals were upheld, the initial decline decision was overturned or sanctioned with conditions in twenty cases and eight cases are in progress at the end of October.