Dáil Éireann Debate, Thursday - 15 November 2012
16. Deputy Robert Troy asked the Minister for Finance the amount of loans outstanding from Directors at the State owned banks; if they are continuing to rigorously collect these loans; and if he will make a statement on the matter. [50506/12]
View answerI am informed by the State owned banks that the total amount of loans outstanding from Directors at 31 December 2011 was €1.5 million. Comprehensive disclosure on the amounts of loans outstanding to Directors is provided in the Annual Reports of the relevant institutions. As the Deputy is no doubt aware Bank of Ireland is not a State owned bank. The total amount of loans outstanding from Directors of the State owned banks and Bank of Ireland combined is €8.1 million.
I am informed by the banks that where there are loans and facilities to current Directors that all these loans and facilities are fully performing. I am informed by IBRC that it has no loans outstanding to current Directors. However it has been necessary for it to record provision against loans to former directors and former management as noted in its Annual Reports.
