You're right, it's a small loan. The administrative costs of small loans are relatively high. It's up to each institution within its own context to determine whether or not that is a loan that can be viable.
November 1st, 2012 / 11:40 a.m.
Vice-President, Policy and Operations, Canadian Bankers Association
You're right, it's a small loan. The administrative costs of small loans are relatively high. It's up to each institution within its own context to determine whether or not that is a loan that can be viable.
See context to find out what was said next.