Dáil Éireann Debate, Tuesday - 9 June 2015
309. Deputy Pat Deering asked the Minister for Finance his views on the State owned Allied Irish Banks unilaterally abolishing overdraft facilities to sporting organisations; if he considers this further evidence of the bank not facilitating communities; and if he will make a statement on the matter. [21590/15]
Amharc ar fhreagraI have been informed by AIB that the bank has not unilaterally abolished overdraft facilities to sporting organisations. There are particular constraints in lending to unincorporated bodies or associations and a typical solution is for borrowings to be placed in the name of the club or association trustees.
AIB continues to provide credit facilities to sporting clubs and associations and, on a case by case basis, seeks to find solutions to the above legal constraints relating to unincorporated entities.
AIB is available to discuss individual club or association credit requests across its branch network or through its Direct Channel.
