19 Deputy Luke ‘Ming’ Flanagan asked the Minister for Finance if he will clarify the categories of lending that have been included by AIB and Bank of Ireland in meeting the lending targets of €3.56 bn to small and medium enterprises demanded of them by him; if he will acknowledge that the banks have included farming stocking loans as new lending even though in the vast majority of cases those stocking loans have been in place for decades, and that they are really just a renewal of existing lending; and if he will acknowledge that under Forfas rules for funding, SMEs do not include farming. [6197/12]

Summary

19 Deputy Luke ‘Ming’ Flanagan asked the Minister for Finance if he will clarify the categories of lending that have been included by AIB and Bank of Ireland in meeting the lending targets of €3.56 bn to small and medium enterprises demanded of them by him; if he will acknowledge that the banks have included farming stocking loans as new lending even though in the vast majority of cases those stocking loans have been in place for decades, and that they are really just a renewal of existing lending; and if he will acknowledge that under Forfas rules for funding, SMEs do not include farming. [6197/12]

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