Kieran O'Donnell (Limerick East, Fine Gael)
Link to this: Individually | In context

Question 301: To ask the Minister for Finance the direction given by the EU Commission on further injections of capital by the Government into Anglo Irish Bank; and if he will make a statement on the matter. [38167/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

No direction has been given by the EU Commission in relation to further injections of capital to Anglo Irish Bank by the Government.

As the Deputy may be aware, following EU approval to the provision of €4 billion in capital to Anglo, a restructuring plan for the bank is required. The Board of Anglo is currently finalising the restructuring plan which will consider all options for the future of the bank and set out the future strategy for Anglo. The restructuring plan will be submitted to the European Commission for approval under EU State aid rules by the end of November.

Any possible future capital provision to Anglo would also need to have the approval of the European Commission under EU State aid rules.

Leo Varadkar (Dublin West, Fine Gael)
Link to this: Individually | In context

Question 302: To ask the Minister for Finance if he will make available to the public the loans made to directors of Anglo Irish Bank and connected persons on the same basis as this information is made available to shareholders of banks that are public limited companies; and if he will make a statement on the matter. [38193/09]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
Link to this: Individually | In context

As the Deputy will be aware, following the taking into public ownership of Anglo, the bank made extensive disclosures in its Annual Report and its Interim Report for the period to 31 March in relation to loans to Directors, other key management personnel and related parties. These disclosures were made in accordance with the requirements applicable to banks that are public limited companies.

Anglo Irish Bank will continue to comply with all relevant public disclosure requirements applicable to banks that are publicly quoted.