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Departmental Banking

Dáil Éireann Debate, Tuesday - 20 March 2018

Tuesday, 20 March 2018

Ceisteanna (905)

Pearse Doherty

Ceist:

905. Deputy Pearse Doherty asked the Minister for Rural and Community Development the cost to his Department of negative interest rates on deposits held; the details of same for agencies under his aegis; and if he will make a statement on the matter. [11743/18]

Amharc ar fhreagra

Freagraí scríofa

As the Department is still in developmental stage, it does not hold any funds in commercial bank accounts and is not impacted by negative interest rates on deposit . In relation to agencies, I will follow up with the Deputy in relation to the treasury management functions adopted in agencies under the aegis of my Department.

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