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Ireland Strategic Investment Fund Investments

Dáil Éireann Debate, Tuesday - 29 January 2019

Tuesday, 29 January 2019

Ceisteanna (158)

Marc MacSharry

Ceist:

158. Deputy Marc MacSharry asked the Minister for Finance if his attention has been drawn to the off balance sheet lending to a company (details supplied) of €420 million as per December 2017 accounts from a company; the exposure taxpayers here have to the funds in view of the fact that the bad debt provision of the company is less than 1%; his views on whether a slight downturn renders the company an unprofitable company; and if he will make a statement on the matter. [3745/19]

Amharc ar fhreagra

Freagraí scríofa

I refer the Deputy to my response to PQ 3744/19, which sets out the agreements with Finance Ireland Limited and its subsidiary FICS Holdings (One) DAC.

I am advised that neither the National Treasury Management Agency, as controller and manager of the ISIF, nor the Strategic Banking Corporation of Ireland has any agreements with "Close Bros".

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