Oireachtas Joint and Select Committees

Thursday, 23 March 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Overview of the Credit Union Sector: Discussion

9:30 am

Mr. Des Carville:

Of the €250 million in the ReBo fund, €20 million has been drawn down and the remaining €230 million is returned to the Exchequer. It is not a fund with a separate account, but Exchequer financing that has been effectively ring-fenced for that fund. I do not know today what happens with the €6.4 million in the stabilisation fund but I expect it will remain in the fund.

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