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Ireland · Question · written

PQ 85

85 Deputy Simon Harris asked the Minister for Finance if he will clarify if invoice discounting is included in the lending targets to small and medium businesses which banks have agreed with the Government; if he shares the view that this money is essentially simply recycled loans and does not constitute new lending; if he has received any information from State owned banks or part State owned banks on this procedure; the way they account for it in terms of their lending figures; and if he will make a statement on the matter. [15661/12]

askedIreland· Dáil Éireann· EN

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21 March 2012

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21 March 2012

Summary

85 Deputy Simon Harris asked the Minister for Finance if he will clarify if invoice discounting is included in the lending targets to small and medium businesses which banks have agreed with the Government; if he shares the view that this money is essentially simply recycled loans and does not constitute new lending; if he has received any information from State owned banks or part State owned banks on this procedure; the way they account for it in terms of their lending figures; and if he will make a statement on the matter. [15661/12]

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