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Bank Guarantee Scheme

Dáil Éireann Debate, Wednesday - 2 November 2011

Wednesday, 2 November 2011

Questions (27)

Pearse Doherty

Question:

25 Deputy Pearse Doherty asked the Minister for Finance the date from which the banking guarantee applied to each of the six covered institutions. [31941/11]

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Written answers

The Eligibility Liabilities Guarantee (ELG) Scheme commenced on the 9th December 2009. The banking guarantee applied to each of the six participating institutions from the dates shown in the table:

Participating Institution

Subsidiaries

Date joined the ELG Scheme

Irish Life and Permanent plc

04/01/2010

Irish Permanent (IOM) Limited

04/01/2010

Bank of Ireland

11/01/2010

Bank of Ireland (IOM) Limited

11/01/2010

Bank of Ireland (UK) plc

27/07/2010

Bank of Ireland Mortgage Bank

11/01/2010

The ICS Building Society

11/01/2010

Allied Irish Banks plc

21/01/2010

AIB Group (UK) plc

21/01/2010

AIB Bank (CI) Limited

21/01/2010

AIB Banks North America Inc.

21/01/2010

AIB International Savings Ltd.

28/01/2010

The EBS Limited

01/02/2010

Anglo Irish Bank Corporation Ltd.*

28/01/2010

Irish Nationwide Building Society*

03/02/2010

Irish Nationwide (IOM) Building Society*

03/02/2010

*Anglo Irish Bank Corporation Limited and Irish Nationwide have merged into a new entity known as the Irish Bank Resolution Corporation Limited and continue to be covered under the ELG.

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