Banking Sector Issues

Dáil Éireann Debate, Wednesday - 15 May 2013

Wednesday, 15 May 2013

Questions (116)

Pearse Doherty

Question:

116. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 130 of 7 May 2013, if the two advisors providing advice to both sides of the transaction whereby €1.2 billion of EBS loans were given by Allied Irish Banks to the AIB pension scheme in August 2012, were from the one firm, KPMG. [23156/13]

Written answers

Minister for Finance

As I have previously advised the Deputy for commercial confidentiality reasons AIB has confirmed that it does not publicly disclose the details of contracts with individual external service providers. However, the bank can confirm that for the purpose of asset valuation, separate advisors were used by AIB and the Trustees of the AIB Pension Fund.