Update: Appeals against Decisions by Lenders, 25th June 2015

25th June 2015 - Bernard Durkan TD

QUESTION NO:  272
DÁIL QUESTION  addressed to the Minister for Finance (Deputy Michael Noonan)
by Deputy Bernard J. Durkan
for WRITTEN ANSWER  on 23/06/2015    

 
  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.
 
REPLY.

 As the Deputy is aware, 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 commence SME lending and will participate in the credit review process.

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

 

     
    Bank Internal Appeals
    Overturns
    % Overturns
2012
392
100
26%
2013
392
124
32%
2014
361
83
23%

 

     
    Credit Review Office Applications
    Credit Review Office Reviews Completed
    Overturns
    % Overturns
2012
128
128
64
50%
2013
106
95
51
54%
2014
85
73
42
58%
    TOTAL
     
296
157
53%

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