39 Deputy John Paul Phelan asked the Minister for Finance the precise mechanism by which banks extend loans and facilities to clients; the process by which banks raise the moneys they loan out; the source of that money; if a bank has typically to first secure the written contract with a would be borrower and then use that promissory note to raise the necessary loans from other institutions or individuals; if it is standard or common practice for banks to sell on the agreements they have put in place with their borrowers in order to raise a line of credit that will in part benefit the borrower. [6982/12]

Summary

39 Deputy John Paul Phelan asked the Minister for Finance the precise mechanism by which banks extend loans and facilities to clients; the process by which banks raise the moneys they loan out; the source of that money; if a bank has typically to first secure the written contract with a would be borrower and then use that promissory note to raise the necessary loans from other institutions or individuals; if it is standard or common practice for banks to sell on the agreements they have put in place with their borrowers in order to raise a line of credit that will in part benefit the borrower. [6982/12]

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• Banking Sector Regulation

  xml · EN · 8 February 2012

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