Léim ar aghaidh chuig an bpríomhábhar

Banking Sector Recapitalisation.

Dáil Éireann Debate, Wednesday - 3 February 2010

Wednesday, 3 February 2010

Ceisteanna (36)

Joe Carey


100 Deputy Joe Carey asked the Minister for Finance if he has met with the board of Anglo Irish Bank regarding options for the development of the bank. [5195/10]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Minister for Finance)

As the Deputy may be aware, on 30 November last Anglo Irish Bank submitted its Restructuring Plan to the European Commission. This was a condition for State aid approval of the bank's recapitalisation in 2009. The Restructuring Plan considers all options for the future of the bank.

The submission of the plan marked the beginning of a detailed and comprehensive evaluation process in advance of any final decision by the Commission on the plan. This ongoing process requires extensive consultation and dialogue between the Commission, the Irish authorities and the bank.

As I have stated previously, I am committed to working closely with the Commission and the bank on the assessment of the plan to achieve the best possible outcome for the State from this process. In this regard, I am in contact both directly and through my officials, with the board of Anglo Irish Bank.