Dominic Hannigan (Meath East, Labour)
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To ask the Minister for Finance if Permanent TSB has ceased giving loans to new and existing customers; and if he will make a statement on the matter. [41272/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been informed that Permanent TSB continues to offer loans to new and existing customers, albeit at reduced volumes at present and that the bank’s credit policy now includes more robust assessment criteria than would have applied in the past. In the first six months of 2012 the bank advanced approximately €100m in new lending, as reported on Page 6 of the recently published interim results. The Restructuring Plan which was submitted to the European Commission specifically envisages an increase in lending volumes through 2013 and beyond.