Written Answers. - Licences for Foreign Banks.

Tony Gregory


84 Mr. Gregory asked the Minister for Finance if foreign banks trading here through automatic teller machines owned by Irish banks are required to have banking licences from the Central Bank; if he will list all such banks together with their place of business in Ireland; if he will outline whether they are taxed in the same manner as an Irish bank; and if he will make a statement on the matter.

A banking licence is required only in the case of deposit-taking activities.

I am informed by the Central Bank that the service provided by foreign banks through the automatic teller machines of Irish banks is confined to cash withdrawal facilities only. Several non-Irish banks have agreements with Irish banks to allow their customers to use ATMs in Ireland. These are private contractual arrangements in which I have no function.

Only banks licensed in Ireland would come within the ambit of the Taxes Acts.