Written answers
Wednesday, 15 May 2013
Department of Finance
Banking Sector Issues
Pearse Doherty (Donegal South West, Sinn Fein)
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115. To ask the Minister for Finance if he will confirm the net interest margin at Allied Irish Banks at the end of June 2012, September 2012, December 2012 and March 2013. [23155/13]
Michael Noonan (Limerick City, Fine Gael)
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I have been informed by AIB that the bank’s net interest margin for December 2012 is 0.9% or 1.22% excluding Eligible Liabilities Guarantee (ELG) fees and all relevant disclosures can be found on page 23 of AIB’s 2012 Annual Accounts published on 27th March 2013. With respect to June 2012, net interest margin was 0.9% or 1.24% excluding ELG fees and this information is published on page 8 of AIB’s 2012 Half Yearly Financial Report.
Pearse Doherty (Donegal South West, Sinn Fein)
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116. To ask the Minister for Finance further to Parliamentary Question No. 130 of 7 May 2013, if the two advisors providing advice to both sides of the transaction whereby €1.2bn of EBS loans were given by Allied Irish Banks to the AIB pension scheme in August 2012, were from the one firm, KPMG. [23156/13]
Michael Noonan (Limerick City, Fine Gael)
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As I have previously advised the Deputy for commercial confidentiality reasons AIB has confirmed that it does not publicly disclose the details of contracts with individual external service providers. However, the bank can confirm that for the purpose of asset valuation, separate advisors were used by AIB and the Trustees of the AIB Pension Fund.
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