How do they expect the economy to grow if the banks won’t lend, something has to be done about this.
Disgraceful

As a small builder, (not developer), i do once off houses, renovations, extensions. I still have plenty of interest from people who want to build, extend, renovate but they can’t access credit. most of them are pre-approved for a mortgage but are turned down eventually after making them jump through hoops of fire in paperwork. Most of the people i come across in this situation 2 income couples. What seems to be happening is they are able to show figures for pre approved lending to the media, but not finally approve the loans. Just barely surviving with odd client using inheritance / savings / sale of asset. Emigration with a broken heart beckons soon if the banks can’t be brought to heel, hard to see that happening though..

When I turn on my state sponsored tv station and see our government sponsored banks telling us to call in as they have bucket loads of money they want to lend us it makes my blood boil. Just a complete crock of shit. Time for a revolution.

According to last month’s Sunday Business Post banks in 2011 advanced ?1.6b in credit to small business, however they also withdrew ?2.4b in credit during same period so regrettably Govt has utterly failed as small business credit is down ?800m.

The banks, even though the people own them, are still LYING to the people. To my mind, the rooting out of the bad apples has not deep enough. These banks are rotten to the core

Why we did we bail out the banks?

I am a participant in this Croke park agreement, and because the bank won’t even look at me for a mortgage I instead pay 950 a month for rent in a house which will never be mine. Yes I can see where that theory comes from

No! We bailed out the Banks because the Bankers told lies and the gullible Politicians and their lackeys believed them. Now the Bankers are solving the problems they created with Tax payers money and anything they (Banks) say should be taken with a large dose of salts.

listened to pat farrell this morning talking horse shite.

Brilliant news! More small/medium businesses going to the wall. It’s common sense & I fail to believe that most of the applications refused were taking the piss.
Generally a business needs to borrow if it wants to expand or become competitive in the market.
Bankers (so hard to type that without a W) are pissing themselves laughing. They went to the wall, cried, held us ransom, got the money & now they’re still holding us ransom! How on earth did this happen? We’re the laughing stock of the world.
NOBODY knows why & how we allowed ourselves to be bent over a barrel except all the fat cat bond holders that held a gun to our heads & said “Pay up or else”
Stop dreaming about a recovery guys. It’s not happening anytime soon & you’ve got to go out there & grab opportunities by the balls & squeeze ’cause if you don’t, someone else will step on you for that opportunity.
Ireland sickens me sometimes. Great place to live! Yeah right. We’re mugged every day as far as I’m concerned.

You say this is bad and they should be lending more but you haven’t seen the applications.

For all we know they could be applying with the most god awful business plans. They’ve stopped lending to every Tom, Dick and Harry with a stupid idea, which is good because that’s what got us in this mess.

Only people like the participants in the Croke Park agreement can borrow. The problem is that these loans would be for imported BMWs etc. not employment giving /sustaining machinery or materials. Banks need certainty regarding repayment.

It is worth re-reading this article imho http://bit.ly/O0HkcF /KathleenBarrington

I think there is to much regulation in the banking sector. Loans should be given out to all business plans. Then we can experience the boom again…. What short memories we have.