Dáil Éireann Debate, Thursday - 28 February 2013
23. Deputy John Browne asked the Minister for Finance if he has had discussions with the public interest directors in Bank of Ireland in relation to the action that is needed to close the deficit on the company's pension fund; if he will insist that this is done in a way that protects the State's investment in Bank of Ireland; and if he will make a statement on the matter. [10595/13]
Amharc ar fhreagraI met with the Bank of Ireland Board, including the public interest directors in January 2013 however the topic referred to was not on the agenda. I believe that Bank of Ireland only recently announced their intention to enter into discussions regarding the deficit in its pension scheme and I support the management’s intention to deal with this issue.
Officials from my Department meet with representatives of the bank on a regular basis – including a monthly management meeting and are kept up to date with the banks proposals to progress their discussions to a solution.
