Dáil Éireann - Volume 672 - 28 January, 2009

Written Answers. - Financial Institutions Support Scheme.

Deputy Leo Varadkar Deputy Leo Varadkar

Deputy Leo Varadkar asked the Minister for Finance his plans for the future of a bank (details supplied); and if he will make a statement on the matter. [2530/09]

Deputy Brian Lenihan Deputy Brian Lenihan

  Deputy Brian Lenihan: The Deputy will be aware that the institution in question is covered under the Government’s guarantee Scheme. Arising from the intensified scrutiny and oversight applying to beneficiaries under the Scheme, the Financial Regulator commissioned PricewaterhouseCoopers to report on the financial position of the six covered institutions. This report established that the institution in question was well-capitalised and capital levels would remain above regulatory minimums under various loan impairment stress-scenarios. The institution concerned is not in public ownership and its plans for the future are in the first instance, a matter for its Board and members.

Dáil Éireann 672 Written Answers. Financial Institutions Support Scheme.

Questions

20090128