Written answers
Wednesday, 26 September 2012
Department of Finance
Financial Services Sector
Michael McGrath (Cork South Central, Fianna Fail)
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To ask the Minister for Finance if he will provide details for each of the years 2008, 2009, 2010, 2011 and to date in 2012, of the amount of credit extended by licensed moneylenders to consumers; the number of licensed moneylenders; the rate of levy applied by the Central Bank of Ireland and the total amount collected; the number of licensed moneylenders who have had their licence revoked by the Central Bank following an investigation; and if he will provide any other information or statistics that would give a complete picture of the licensed moneylending activity in Ireland. [40952/12]
Michael Noonan (Limerick City, Fine Gael)
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I have been advised by the Central Bank that it does not publish a figure for the total value of credit extended, in any given year, by licensed moneylenders. The table below sets out the other information requested by the Deputy for each of the years mentioned.
Year | Number of licensed moneylenders | Amount levied by the Central Bank | Amount of levy collected |
---|---|---|---|
2007 | 48 | €187,000 | €187,000 |
2008 | 40 | €162,000 | €151,000 |
2009 | 52 | €244,000 | €239,000 |
2010 | 52 | €298,000 | €255,000 |
2011 | 46 | €352,000 | €342,000 |
2012 | 48 | €300,000 | Not yet available |
The Central Bank has also advised me that this is a relatively small sector involving a small number of new applications, refusals of licences and withdrawals each year. The Bank has further advised that it does not divulge information regarding the number of moneylenders who have had their licences revoked as to do so could affect the sensitive nature of the industry/regulatory landscape.
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