Wednesday, 3 July 2013

Questions (80)

Michael McGrath

Question:

80. Deputy Michael McGrath asked the Minister for Finance if he will provide the official breakdown by class of liability of the total amount of bank liabilities at 30 September 2008 covered by the bank guarantee announced on that day and subsequently enshrined in legislation. [32528/13]

View answer

Written answers (Question to Finance)

The Deputy will be aware that details of bank funding profiles, including a breakdown of the aggregate amounts of the liabilities of the covered banks for any given period, received by my Department in the course of official communications and which are not a matter of public record are commercially sensitive. However, in the case of the period specified by the Deputy, 30 September, 2008, the information requested is already available on public record as published in the Nyberg Report in March 2011 http://www.finance.gov.ie/documents/publications/reports/2011/nybergreport.pdf. I repeat the figures published in that report (page 77 refers) for the Deputy’s convenience.

Funding Profiles

Customer Deposits

€173.2bn

Interbank Deposits

€49.1bn

Senior Unsecured Debt

€124.2bn

Financial Instruments

€0.7bn

Asset Covered Securities

€15.8bn

Dated Subordinated Debt

€12.2bn

Total

€375.2bn