We use Google Analytics to see which pages are read and how the site is used, so we know what to improve. This only runs if you accept. See our privacy notice for details.

Dáil
‹ Ceisteanna—Questions. Oral Answers. - BIM Loans.

BIM boat loans and repayment arrears

Summary

The Minister reported 289 loans for boats under 50 feet and 143 for boats over 50 feet; 160 and 97 respectively were in arrears, with 155 of the 257 arrears cases below £1,000. White raised concerns about repayment pressure amid low fish prices, while the Minister said cases brought to his attention did not suggest BIM was pressing borrowers.

andMr. White asked the Minister for Fisheries and Forestry the number of boat-owners who have loans from BIM on boats (a) up to 50 feet and (b) in excess of 50 feet, and the number whose repayments are in arrears.

Comment on this

As the reply is in the form of a tabular statement I propose, with the permission of the Ceann Comhairle, to have it circulated with the Official Report.

Following is the statement:

(a) Number of loans on (i) boats under 50 feet, 289; (ii) boats over 50 feet, 143.

(b) Number of loans in arrears on (i) boats under 50 feet, 160; (ii) boats over 50 feet, 97.

Of the total of 257 cases at (b) above 155 are in arrears of less than £1,000 in each case.

Comment on this

This is a very important question. Could the Minister tell the House the number of loans that are for boats under 50 feet and the number from 50 feet up?

Comment on this

Of a total of 257 cases in arrears 155 are in arrears to the tune of less than £1,000.

Comment on this

What about the other 100?

Comment on this

The number of loans that are in arrears——

Comment on this
Joseph Brennan An Ceann Comhairle Fianna Fáil

The Deputy might wait until he gets the answer.

Comment on this

The number of loans in arrears on boats under 50 feet is 160, and the number of loans in arrears on boats over 50 feet is 97.

Comment on this

I thank the Minister for that reply, but is he aware that there seems to be undue pressure on certain fishermen at present in regard to their repayments? When the price of fish is so low surely BIM should ease up a little on that pressure.

Comment on this

I am not so aware. Any cases which have been brought to my notice and in which I have taken an interest have convinced me that BIM are not at all pressing in arrears on boats.

Comment on this