State Banking Sector

Dáil Éireann Debate, Tuesday - 25 October 2011

Tuesday, 25 October 2011

Questions (103)

Jim Daly

Question:

117 Deputy Jim Daly asked the Minister for Finance if his attention has been drawn to an internal memo circulated recently within AIB instructing all account managers not to pay standing order claims from accounts that exceed the authorised limit even by the slightest amount and not regarding paired accounts that may be in surplus cash; and if he will make a statement on the matter. [30927/11]

Written answers

Minister for Finance (Deputy Michael Noonan)

As the Deputy will be aware, notwithstanding the fact that the State is a 99.8% shareholder in AIB, the bank is run on a commercial basis and the Government does not interfere in the day to day commercial decisions taken by the board and management of the bank. The matter referred to in the Deputy's question would clearly fall into this category and I would have no function in the matter.