Ruth Coppinger
Question:202. Deputy Ruth Coppinger asked the Minister for Finance the value of outstanding commercial property loans owed to Irish banks; and the Irish banks in which the State has a shareholding. [26995/16]
View answerTuesday, 27 September 2016
Questions (202)
Written answers
The Central Bank of Ireland publishes a wide variety of statistics, the data is however, provided on an aggregate basis and does not include loan exposures outside this jurisdiction. Table A.14: Credit Advanced to Irish Resident Private-Sector Enterprises relates to the Deputy's question. A.14 Outstanding Tab (Item 11.2 "Property investment/development of commercial real estate) provides data on loans relating to the buying and/or developing of land zoned for commercial property.
The overall outstanding amount of commercial property loans reported by the Central Bank at end June 2016 was €9,345 million.
It should be noted that projects where in excess of 75 per cent of floor space is commercial real estate are also included here. This would also include funds advanced to counterparties whose primary economic activity was not in real estate, land and development, but who are using the funds advanced for this purpose. Lending related to both green field and brown field commercial real estate sites are included here.
It is also important to note that this data relates to all credit institutions resident in the Republic of Ireland. A full list of which is available at http://www.centralbank.ie/polstats/stats/cmab/Documents/Credit%20Institutions%20Resident%20in%20the%20Republic%20of%20Ireland.pdf.
In respect of the Irish banks in which the State has a shareholding, loan exposures can be found published in each of the institutions financial statements. The published data is classified or categorised differently by each institution and unlike the Central Bank data includes loans by their overseas operations. Links to the relevant financial statements and the relevant pages are detailed below.
AIB-H1 2016
https://investorrelations.aib.ie/content/dam/aib/investorrelations/docs/resultscentre/2016-half-yearly-financial-report.pdf
Relevant page - 58
PTSB H1 2016
http://www.permanenttsbgroup.ie/~/media/Files/I/Irish-Life-And-Permanent/Attachments/pdf/2016/ptsbgh-half-year-report.pdf ?
Relevant page: Note 13 Page 64
BOI-H1 2016
https://investorrelations.bankofireland.com//wp-content/assets/BOI-Interim-Report-2016.pdf
Relevant page 63