Credit Review Office reversed 54% of loan cases it reviewed

The Credit Review Office has investigated 153 claims of incorrect loan decisions, with the decision of the banks not to lend or withdraw facilities reversed in 54% of cases.

29th February, 2012

The Credit Review Office has investigated 153 claims of incorrect loan decisions by AIB and Bank of Ireland, with the decision of the banks not to lend or withdraw facilities reversed in 54% of cases.

The seventh quarterly report from Credit Reviewer John Trethowan showed that of the 153 cases investigated by his office since it was established in April 2010, 43 resulted in the bank upholding its credit decision, 51 saw the bank’s decision disputed or...

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