Leo Varadkar (Dublin West, Fine Gael)
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Question 208: To ask the Minister for Finance the evidence basis for his assurance to Dáil Éireann on 30 September 2008 that the assets of the banks exceed their liabilities by €80 billion; and if he will make a statement on the matter. [34024/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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During the debate on the Credit Institutions (Financial Support) Act 2008 I referred to an estimate that the total assets of the six credit institutions referred to in the Government's announcement of 30 September exceed their guaranteed liabilities by approximately €80 billion. This estimate was based on the end-2007 published accounts of the credit institutions concerned. Work is currently underway by the Central Bank and Financial Services Authority of Ireland (CBFSAI) to refine and update this figure to 29 September 2008.