Dáil Éireann Debate, Tuesday - 6 July 2021
342. Deputy Noel Grealish asked the Minister for Social Protection the amount of interest her Department has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced by year; and if she will make a statement on the matter. [35940/21]
View answerMy Department incurred the amounts of negative interest by calendar year listed below since negative interest rates were introduced.
|
Year |
Amount € |
|
2017 |
1,732,258 |
|
2018 |
1,345,253 |
|
2019 |
1,013,977 |
|
2020 |
4,501,492 |
All interest incurred over the periods listed above were as a result of my Department ensuring banks were adequately funded to facilitate customer payments when due.
