The bank guarantee schemes to which the Deputy refers are the Credit Institutions Financial Support Scheme 2008 (CIFS Scheme) which was in operation between 30 September, 2008 and 29 September, 2010, and the Eligible Liabilities Guarantee Scheme (ELG Scheme) which came into operation on 9 December, 2009 and has a current issuance end-date of 30 June, 2012, subject to review by the EU Commission. The total fees received from the covered banks in respect of both the CIFS and ELG Schemes amount in total to €3.107bn which does not include interest accrued. This amount comprises €758.4m in respect of CIFS and €2,348.5m in respect of the ELG Scheme.
A further breakdown of fees paid by year for each of the covered banks can be seen in the tables below:
ELG fees paid to date by Participating Institutions
|
€millions
|
IL&P
|
BoI
|
AIB
|
IBRC
|
EBS
|
Total
|
|
2010
|
95.9
|
275.5
|
299.3
|
149.9
|
34.2
|
854.8
|
|
2011
|
172.9
|
448.7
|
464.8
|
81.4
|
62.6
|
1230.4
|
|
2012
|
37.9
|
107.9
|
95.8
|
9.9
|
11.8
|
263.3
|
|
Total
|
306.7
|
832.1
|
859.9
|
241.2
|
108.6
|
2,348.5
|
CIFS fees paid to date by Covered Institutions
|
€millions
|
IL&P
|
BoI
|
AIB
|
Anglo
|
EBS
|
INBS
|
Postbank
|
Total
|
|
2008
|
—
|
32.3
|
—
|
37.9
|
—
|
—
|
0.004
|
70.20
|
|
2009
|
35.4
|
138.1
|
174.7
|
94.8
|
9.7
|
23.8
|
0.020
|
476.52
|
|
2010
|
14.8
|
68.3
|
58.3
|
54.9
|
5.9
|
8.8
|
0.015
|
211.01
|
|
2011
|
—
|
—
|
—
|
0.7
|
—
|
—
|
—
|
.70
|
|
Total
|
50.2
|
238.7
|
233.0
|
188.3
|
15.6
|
32.6
|
0.039
|
758.43
|
ELG fees are paid into the Central Bank on a quarterly basis, in accordance with the Scheme's rules. Accordingly, the fee amount of €283m (including adjustments for previous periods) to which the Deputy refers is in respect of fees due for the last three months of 2011 rather than the first three months of 2012. The €283m is broken down by bank as follows:
|
Table
|
|
AIB
|
€111.7m
|
|
BOI
|
€108.0m
|
|
IL&P
|
€38.3m
|
|
EBS
|
€10.8m
|
|
Anglo
|
€14.2m
|
|
Total
|
€283m
|
Fee Forecast 2012
The Deputy will be aware of this year's Budget forecast for income from fees under the ELG Scheme which was estimated at €800mn. This estimate is currently being reviewed.
As regards the fee income received for the provision of the Guarantee, the fee structure applicable to the provision of the Eligible Liabilities Guarantee is set by the EU Commission according to State aid rules. To date, as is evident from the fee income figures provided, the monies paid to the Exchequer show that the banks are making a significant contribution in return for the benefit of the Guarantee.
