Dáil Éireann Debate, Wednesday - 12 January 2011
94 Deputy Michael Creed asked the Minister for Finance the targets he has set for loans to deposit ratios for each of the banks; the consultation that has taken place with the European Commission and the International Monetary Fund in setting these ratios; and if he will make a statement on the matter. [1306/11]
View answerThe Deputy will be aware that the Memorandum of Understanding sets out a deadline of end December 2010 for agreement with the Irish authorities and the ECB, European Commission and the IMF on agreed loan to deposit ratios for each bank. However following further discussions with the ECB/EU/IMF, it has been agreed that it would be more appropriate to decide on the loan to deposit ratios for 2013 when the information from the PCAR and PLAR is available.
This does not in any way diminish the commitment to appropriate restructuring of the banks in the period.
