Dessie Ellis
Question:47. Deputy Dessie Ellis asked the Minister for Finance if he has considered requesting that the ESM take on the tracker loan book of Irish banks. [41502/13]
View answerThursday, 3 October 2013
Questions (47)
Written answers
During recent Review Missions of the Troika the Irish authorities have discussed the issues relating to the high cost of funding banks’ tracker mortgage books and the related impact of the negative carry, relative to the interest rate received on the mortgages, on net interest margin and profitability. It was agreed that the Irish authorities will present a report on this matter to the Troika in advance of the final review mission. As these discussions are on-going it would not be appropriate for me to comment further on this matter.