Written answers

Tuesday, 29 September 2015

Department of Finance

Credit Review Office Appeal Numbers

Photo of Bernard DurkanBernard Durkan (Kildare North, Fine Gael)
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294. To ask the Minister for Finance the extent to which appeals continue to be made against decisions by lenders to refuse banking accommodation to various enterprises; the number of decisions which have been overturned; the extent to which the number of cases referred for appeal has fluctuated over the past three years; and if he will make a statement on the matter. [33372/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As the Deputy may have noted from my reply to his earlier question on 22 June 2015, the Credit Review Office (CRO) assists SME or farm borrowers who have had an application for credit of up to €3m declined or reduced by AIB, Bank of Ireland or Ulster Bank (who joined the review process on 1 June 2015) and who feel that they have a viable business proposition. PTSB will shortly begin participating in the credit review process.

The tables following, provided by the CRO, provide the information requested by the Deputy:

-Bank Internal AppealsOverturns% Overturns
201239210026%
201339212432%
20143618323%
-Credit Review Office ApplicationsCredit ReviewOffice Reviews CompletedOverturns% Overturns
20121281286450%
2013106955154%
201485734258%
TOTAL29615753%

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