Enda Kenny (Mayo, Fine Gael) | Oireachtas source

As Deputy Martin is aware, this is a liquidation and clearly the liquidator is now examining all of the issues that arise following the liquidation of IBRC. He is also aware that €15 billion worth of bondholders have been burned already. Normal deposits are guaranteed here. It is impossible to distinguish between guaranteed and unguaranteed. The liquidator must find out the facts of what is involved.

In regard to credit unions, I am not aware at this time of the extent of deposits lodged by any credit unions in IBRC. Clearly, the examination of the liquidator will bring that to light in due course. The question of what the extent of that liability might or might not be remains to be seen and, if that is the case, that is a matter that must be examined in respect of any funding that might be available for credit unions, but it is impossible to distinguish between depositors here. Normal deposits are guaranteed but I cannot tell the Deputy at this stage to what extent, if any, credit unions have been involved here.

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