Written answers
Thursday, 3 October 2013
Department of Finance
Credit Review Office Appeals
Patrick O'Donovan (Limerick, Fine Gael)
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74. To ask the Minister for Finance if he will provide a breakdown by month of the number of appeals to the Credit Review Office and the numbers that have been successful since its creation to August 2013; and if he will make a statement on the matter. [41616/13]
Michael Noonan (Limerick City, Fine Gael)
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The Credit Review Office has provided me with the following information:
| Month | Eligible Cases |
|---|---|
| Apr-10 | 2 |
| May-10 | 5 |
| Jun-10 | 4 |
| Jul-10 | 1 |
| Aug-10 | 4 |
| Sep-10 | 3 |
| Oct-10 | 7 |
| Nov-10 | 8 |
| Dec-10 | 5 |
| Jan-11 | 3 |
| Feb-11 | 6 |
| Mar-11 | 7 |
| Apr-11 | 5 |
| May-11 | 7 |
| Jun-11 | 5 |
| Jul-11 | 2 |
| Aug-11 | 8 |
| Sep-11 | 8 |
| Oct-11 | 8 |
| Nov-11 | 5 |
| Dec-11 | 4 |
| Jan-12 | 6 |
| Feb-12 | 8 |
| Mar-12 | 5 |
| Apr-12 | 14 |
| May-12 | 14 |
| Jun-12 | 17 |
| Jul-12 | 14 |
| Aug-12 | 10 |
| Sep-12 | 9 |
| Oct-12 | 14 |
| Nov-12 | 15 |
| Dec-12 | 7 |
| Jan-13 | 11 |
| Feb-13 | 18 |
| Mar-13 | 6 |
| Apr-13 | 8 |
| May-13 | 7 |
| Jun-13 | 7 |
| Jul-13 | 13 |
| Aug-13 | 8 |
| Total | 318 |
| - | No. |
|---|---|
| Work in Progress | 20 |
| Bank Upheld | 118 |
| Borrower Upheld | 147 |
| More Work or Withdrawn | 33 |
| Combined Total | 318 |
These figures show that the Credit Review Office upheld the credit appeal 147 times or 55% of cases concluded to end August 2013. This shows that there is a strong prospect of success for businesses going to the Credit Review Office and I would strongly encourage SMEs refused credit to seek a review by the Office.
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