Written Answers Nos. 55-58
55. Deputy Mick Wallace asked the Minister for Finance in view of the fact that the Irish League of Credit Unions has money available for investment, if he will consider availing of these funds in order to invest in the economy here; and if he will make a statement on the matter. [50480/12]
View answerI assume that the question refers to money held by credit unions, rather than those funds held by the Irish League of Credit Unions (ILCU). The ILCU has stated that the Credit Union Bill 2012 should enable credit unions to provide funding to Government-backed or Government-guaranteed schemes and projects with a social benefit.
The Commission Report recommends that this role needs to be carefully designed to integrate prudently with the basic credit union business of savings and lending services for individuals. The Commission also recommends that a formal process of engagement be established between the credit union representative bodies and Government to determine safe ways to invest collective credit union funds into community projects, employment initiatives and small co-operatives. I remain open to proposals from the credit union movement on this front and it does not appear that primary legislation is required in order to facilitate this.
56. Deputy Timmy Dooley asked the Minister for Finance his views on the request by the haulage industry for the introduction of an essential user rebate; and if he will make a statement on the matter. [45163/12]
View answerAs the Deputy is aware a working group was set up between officials of my Department, the IRHA and members of the Oireachtas. This working group had a series of meetings to discuss issues of concern to the haulage industry including the matter of an essential users rebate. I have received a submission from the group. I have also recently met with represtatives of the IRHA. I am considering matters raised by the IRHA and the report from the group.
58. Deputy Aengus Ó Snodaigh asked the Minister for Finance if he will provide detail of the remaining schedule of payments of unsecured and unguaranteed bonds held by all of the covered institutions detailing the cost of each of these payments. [50520/12]
View answerThe table sets out the schedule of payments of unsecured and unguaranteed bonds held by the covered institutions.
|
Senior Unsecured Unguaranteed Bonds |
2012 €000 |
2013 €000 |
2014 €000 |
2015 €000 |
2016 €000 |
2017 €000 |
2018+ €000 |
Total €000 |
|
IBRC |
87,782 |
20,000 |
4,000 |
10,148 |
2,000 |
123,930 |
||
|
PTSB |
21 |
212 |
185 |
82 |
24 |
50 |
68 |
642 |
|
AIB |
34,021 |
45,267 |
815,000 |
19,000 |
55,000 |
968,288 |
||
|
BOI* |
*While the BOI Group has issued and redeemed senior debt since the original bank guarantee of September 2008, such debt is treated on a pari passu basis with depositors (there being no distinction in law between the two) and as such the bank has declined to show this.
