The details of the negative interest charged to bodies under the aegis of my Department by financial institutions in the period specified are set out in the tables below.
|
-
|
2014
|
2015
|
2016
|
2017
|
|
Office of Public Works* (OPW)
|
€14,522
|
€46,689
|
€38,012
|
€108
|
* The OPW paid negative interest to the Central Bank up to 2017 before moving to an Irish commercial bank, with no negative interest paid since
|
-
|
2018
|
2019
|
2020
|
2021
|
|
National Shared Services Office (NSSO)
|
€41,638
|
€49,933
|
€66,555
|
€4,877
|
|
-
|
2020
|
2021
|
|
Office of the National Lottery Regulator (ORNL)
|
€89
|
€4,407
|
The Deputy may wish to note that since the commencement of the National Lottery licence, the ORNL has been charged interest of €1,422,596 for the National Lottery Fund, which is managed and controlled by the National Lottery Regulator. The National Lottery Fund is held at the Central Bank of Ireland (CBI) and the interest has been paid to the Central Bank.
The Deputy may also wish to note that I have been advised by the Public Appointments Service (PAS) that due to construction work at their offices, the statements of a PAS bank account for the period 2014-2019 temporarily cannot be accessed. Following the imminent completion of this work, PAS will write to the Deputy with the details of any negative interest charged during this period.
