Dáil Éireann Debate, Thursday - 30 September 2010
128 Deputy Bernard J. Durkan asked the Minister for Finance the full extent of funding transferred to each financial institution under the banking guarantee scheme; and if he will make a statement on the matter. [34127/10]
View answerNo funding was transferred to the covered financial institutions under the bank guarantee scheme. Total liabilities guaranteed under the ELG Scheme amounted to €153 billion at the end of June. The comparable figure at end June for the CIFS Scheme was €103 billion.
However, the covered institutions have paid fees to the State in respect of the guarantee — as at end August 2010 €730m has been received by the State in respect of the CIFS scheme and €295m has been received in respect of the ELG scheme.
129 Deputy Bernard J. Durkan asked the Minister for Finance the extent to which he has received full details of assets and liabilities from all of the banking sector; if he can now identify the total likely bill for the taxpayer arising from the banks’ guarantee two years ago; and if he will make a statement on the matter. [34128/10]
View answerI refer the Deputy to my statement today which sets out in detail the final costs associated with repairing the banking system and the additional support which will be required by some of our banks and building societies.
