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Bank Contracts

Dáil Éireann Debate, Tuesday - 12 June 2018

Tuesday, 12 June 2018

Ceisteanna (216)

Jackie Cahill

Ceist:

216. Deputy Jackie Cahill asked the Minister for Finance if he will address a matter regarding the sale of a property (details supplied). [24837/18]

Amharc ar fhreagra

Freagraí scríofa

As the Deputy is aware notwithstanding the fact that the State is a significant shareholder in the institution, the Minister has no direct function in the relationship between AIB/EBS and its customers. The Minister must ensure that the bank is run on a commercial and independent basis. It would not be appropriate, therefore, for the Minister to intervene in the case of any particular customer.

However, I have received the following response from AIB:

It is the policy of EBS to bring all assets within its control to market in a timely and expeditious manner. There can be a number of reasons, such as legal or title issues, why this is not always possible, in addition assets can be placed on hold due to wider CBI controls. The bank reviews and monitors all these issues on an ongoing basis.

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