Wednesday, 18 July 2012

Questions (75)

Billy Kelleher

Question:

74 Deputy Billy Kelleher asked the Minister for Finance the total amount of money paid by each of the banks for the years under the terms of the bank guarantee scheme; and if he will make a statement on the matter. [35753/12]

View answer

Written answers (Question to Minister for Finance)

I assume the Deputy's question relates to the Credit Institutions Financial Support Scheme 2008 (CIFS Scheme) which was in operation between 30 September, 2008 and 29 September, 2010, and the Eligible Liabilities Guarantee Scheme (ELG Scheme) which came into operation on 9 December, 2009 and has a current issuance end-date of 31 December, 2012. The total fees received to date for the years 2008-2012 from the covered banks in respect of both the CIFS and ELG Schemes amount in total to €3.107bn which does not include interest accrued. This amount comprises €758.4m in respect of the CIFS Scheme and €2,348.5m in respect of the ELG Scheme.

A breakdown of fees paid by year for each of the covered banks can be seen in the tables below.

ELG Scheme fees paid to date by Participating Institutions

€millions

IL&P

BoI

AIB

IBRC

EBS

Total

2010

95.9

275.5

299.3

149.9

34.2

854.8

2011

172.9

448.7

464.8

81.4

62.6

1,230.4

2012

37.9

107.9

95.8

9.9

11.8

263.3

Total

306.7

832.1

859.9

241.2

108.6

2,348.5

CIFS Scheme fees paid to date by Covered Institutions

€millions

IL&P

BoI

AIB

Anglo

EBS

INBS

Postbank

Total

2008

32.3

37.9

0.004

70.20

2009

35.4

138.1

174.7

94.8

9.7

23.8

0.020

476.52

2010

14.8

68.3

58.3

54.9

5.9

8.8

0.015

211.01

2011

0.7

.70

Total

50.2

238.7

233.0

188.3

15.6

32.6

0.039

758.43

The fees are determined by the EU Commission and are subject to change in accordance with EU State Aid requirements.