Dáil Éireann Debate, Tuesday - 22 January 2013
216. Deputy Pearse Doherty asked the Minister for Finance if the Irish Bank Resolution Corporation, in which he is the sole shareholder of 100% of the shares, has a bank account or bank accounts; with whom, and the number of bank accounts IBRC has, the terms and conditions of these accounts; and if IBRC has an overdraft facility, the interest rate and the surcharge interest rate on IBRC's bank account or bank accounts [2734/13]
View answerIBRC has informed me that the bank maintains a variety of bank accounts with correspondent banks across a variety of currencies. These accounts are used to enable customer loan repayments, derivative settlements, payment of supplier invoices, foreign currency settlements, etc. At 31 December 2012 IBRC maintained approximately 30 active bank accounts with correspondent banks. All bank accounts maintained by IBRC are operated on negotiated commercial terms.
