Banking Sector

Dáil Éireann Debate, Wednesday - 13 May 2020

Wednesday, 13 May 2020

Ceisteanna (50)

Catherine Murphy

Ceist:

50. Deputy Catherine Murphy asked the Minister for Finance if a bank (details supplied) repaid its €150 million facility in 2018; the legal ancillary costs incurred by the Strategic Banking Corporation of Ireland for the early repayment; and if he will make a statement on the matter. [4132/20]

Freagraí scríofa

Minister for Finance

The SBCI made early repayments of its loan to KFW in May and December 2018. There were no penalties, however, KFW are entitled to charge reimbursement costs for processing the early repayment but none were charged. A flat administration fee of €2,500 was charged.