Written answers

Wednesday, 26 September 2012

Department of Finance

Financial Services Sector

Photo of Michael McGrathMichael 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]

Photo of Michael NoonanMichael 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.

YearNumber of licensed moneylendersAmount levied by the Central BankAmount of levy collected
200748€187,000€187,000
200840€162,000€151,000
200952€244,000€239,000
201052€298,000€255,000
201146€352,000€342,000
201248€300,000Not 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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