Dáil Éireann Debate, Tuesday - 28 January 2014
215. Deputy Michael McGrath asked the Minister for Finance if he will set out, in tabular form, the fees that have been received by the Exchequer from each institution, on an annual basis, since 2008 in respect of the credit institutions financial support scheme and the eligible liabilities guarantee; and if he will make a statement on the matter. [4168/14]
View answerAs the Deputy is aware, the ELG Scheme closed for new liabilities at midnight on the 28th March 2013. Eligible liabilities covered under the Scheme which were incurred up to midnight on the 28th March 2013 continue to be covered up to their maturity date which could be up to 5 years maximum from the date the liability was incurred. This means that covered liabilities will wind down over the period from midnight on the 28th March 2013 until the 28th March 2018 at the latest.
Fees paid by the covered institutions in respect of the ELG Scheme guarantee are paid quarterly in arrears and therefore there is a time lag before the fees are paid into the Exchequer (i.e. fees received as cash in Q1 of 2013 are in respect of fees accrued for Q4 of 2012).
The total fees received to date from the covered banks in respect of both the CIFS and ELG Schemes amount in total to €4.2bn which does not include interest accrued. This amount comprises €758.4m in respect of CIFS and €3,461.9m in respect of the ELG Scheme.
CIFS Scheme fees paid to date by Covered Institutions
|
€millions |
IL&P |
BoI |
AIB |
Anglo |
EBS |
INBS |
Postbank |
Total |
|
2008 |
- |
32.3 |
- |
37.9 |
- |
- |
0.004 |
70.20 |
|
2009 |
35.4 |
138.1 |
174.7 |
94.8 |
9.7 |
23.8 |
0.020 |
476.52 |
|
2010 |
14.8 |
68.3 |
58.3 |
54.9 |
5.9 |
8.8 |
0.015 |
211.01 |
|
2011 |
- |
- |
- |
0.7 |
- |
- |
- |
.70 |
|
Total |
50.2 |
238.7 |
233.0 |
188.3 |
15.6 |
32.6 |
0.039 |
758.43 |
ELG fees paid to date by Participating Institutions
|
€millions |
IL&P |
BoI |
AIB |
IBRC |
EBS |
Total |
|
2010 |
95.9 |
275.5 |
299.3 |
149.9 |
34.2 |
854.8 |
|
2011 |
172.9 |
448.7 |
464.9 |
85.5 |
62.6 |
1234.6 |
|
2012 |
165.2 |
375.4 |
332.0 |
23.9 |
54.7 |
951.2 |
|
2013 |
105.4 |
142.3 |
126.8 |
0.0 |
46.8 |
421.3 |
|
Total |
539.4 |
1241.9 |
1223.0 |
259.3 |
198.3 |
3461.9 |
