Michael McGrath
Question:117. Deputy Michael McGrath asked the Minister for Finance the remaining sum covered by the eligible liabilities guarantee; and if he will make a statement on the matter. [49285/14]
View answerThursday, 18 December 2014
Questions (117)
Written answers
At the date of ending the Scheme for new liabilities (midnight 28th March 2013), ELG covered liabilities stood at c. €74.6 billion. The most up-to-date information available at 31st October 2014 illustrates that ELG covered liabilities have fallen following the run-off of maturing deposits and bonds to c. €13.9 billion, a reduction of c. €61 billion in just over a year and a half with little direct impact on overall deposit volumes at the Covered Banks.