Dáil Éireann Debate, Tuesday - 11 June 2013
191. Deputy Stephen S. Donnelly asked the Minister for Finance the total amount covered, by bank, by the deposit guarantee scheme at the time of the September 2008 bank guarantee; the total additional amount therefore guaranteed, by bank, by the guarantee; the total to sum to the total liabilities guaranteed, by bank, once the guarantee came in to place; and if he will make a statement on the matter. [27535/13]
View answerThe Deputy will be aware that the Credit Institutions (Financial Support) Scheme 2008 (CIFS Scheme) which commenced on 20 October, 2008, guaranteed specified liabilities, at the covered banks, which were in existence on or after 30 September, 2008. The banks covered by the CIFS Scheme at the time were: The Governor and Company of Bank of Ireland; Allied Irish Bank plc; the EBS Building Society; Irish Life and Permanent plc; Postbank Ireland Limited; Anglo Irish Bank Corporation; and Irish Nationwide Building Society.
The Deputy will appreciate that details of banks’ funding profiles including liabilities, guaranteed or otherwise, which are received by my Department in the course of official communications and which are not a matter of public record, are considered to be commercially sensitive. For this reason the following table shows the position of the covered banks combined as of 30 September, 2008, and not by bank as requested by the Deputy.
|
30 September 2008 |
Deposit Guarantee Scheme €million |
CIFS Scheme Liabilities €million |
Total Liabilities Guaranteed €million |
|
Total |
77,413.7 |
375,250.0 |
452,663.7 |
