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Dáil Éireann díospóireacht -
Tuesday, 13 Jun 2000

Vol. 521 No. 1

Written Answers. - Bank Lending Policies.

Michael Creed

Ceist:

141 Mr. Creed asked the Minister for Finance if his attention has been drawn to the fact that the ACC bank is withdrawing from finance packages for agricultural machinery valued at less that £7,500; if his attention has further been drawn to the extraordinary difficulties which this will cause for the farming community and the trade; and if he will intervene and request the bank to re-enter this market. [16339/00]

ACC Bank operates as an autonomous commercial company under the control of a board of directors which has responsibility for approving the lending policies to be followed.

I, as the Minister for Finance, have no role in the bank's day to day activities.

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