282. Deputy Róisín Shortall asked the Minister for Finance if his attention has been drawn to the recent practice by a bank (details supplied) of selling customers’ overdraft facilities as debt to a company; the rationale for doing this given that such facilities are not debt but an essential requirement for small business people; his opinion of such practice; if he will take steps to ensure that the bank ceases this practice in light of the severe constraints which this would put on the ability to conduct business; and if he will make a statement on the matter. [39031/22]

Summary

282. Deputy Róisín Shortall asked the Minister for Finance if his attention has been drawn to the recent practice by a bank (details supplied) of selling customers’ overdraft facilities as debt to a company; the rationale for doing this given that such facilities are not debt but an essential requirement for small business people; his opinion of such practice; if he will take steps to ensure that the bank ceases this practice in light of the severe constraints which this would put on the ability to conduct business; and if he will make a statement on the matter. [39031/22]

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• Banking Sector

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