Oireachtas Joint and Select Committees

Thursday, 27 September 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Fiscal Assessment Report September 2012: Discussion with Irish Fiscal Advisory Council

3:50 pm

Mr. Diarmaid Smyth:

According to EUROSTAT, if I go back a couple of years, the fees received were as follows: In 2009, €1 billion related to banking income, of which bank guarantee fees amounted to approximately a half; in 2010, €2 billion, of which guarantee fees were €1 billion; and last year, €2.6 billion in revenues related to the banking sector, of which guarantee fees were €1.2 billion.

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