AQW 13592/17-22 Written question to the Minister for the Economy
To ask the Minister for the Economy (i) to account for the increase in the Financial Transactions Capital loan write-off estimate, from £9 million in the October monitoring round to £10 million in the January monitoring round, associated with a Sustainable Poultry Litter project; and (ii) whether there is a risk of further credit loss associated with this scheme.
Asked by Stewart Dickson MLA on 28 January 2021
- Answered
- Written
- Tabled
- 28 January 2021
- Answer due by
- 12 February 2021
- Answered
- 10 February 202113 days after tabling
- Department
- Department for the Economy
- Priority question
- No
Answer
Any potential credit losses are assessed on a regular basis, and it was deemed prudent to increase the Expected Credit Loss (ECL) cover for this project in the January monitoring round. As the scheme is ongoing, these assessments will continue and amendments made if necessary.