Dáil Éireann Debate, Tuesday - 18 May 2010
165 Deputy Joan Burton asked the Minister for Finance if he will provide the subscription agreement signed with Anglo Irish Bank in 2009; if he will confirm, as per Anglo Irish Bank’s annual report, that the bank is precluded under this agreement from any new lending to clients beyond its existing customer base; and if he will make a statement on the matter. [19896/10]
Amharc ar fhreagraThe restriction on lending was a condition of the EU Commission approval for the provision of capital to Anglo Irish Bank. The purpose of the State aid restriction on new lending is to reduce the balance sheet and the risk weighted assets of the bank.
The Deputy will be aware that Subscription agreements are normally confidential documents. However, since much of the detail of the specific agreement between the Minister for Finance and Anglo Irish Bank Corporation is already in the public domain and the Bank has no objection to the release of the document I have forwarded to you a copy of the document, excluding the annexes, for your information. The annexes are excluded for commercial reasons.
