Written answers
Tuesday, 24 March 2009
Department of Finance
Financial Institutions Support Scheme
9:00 pm
Joan Burton (Dublin West, Labour)
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Question 212: To ask the Minister for Finance the extent to which the credit institutions covered by the bank guarantee scheme are exposed to loans in eastern Europe, particularly in Romania, Bulgaria, Latvia, Estonia, Lithuania, Slovakia, Czech Republic, Poland, Belarus and the Ukraine; and if he will make a statement on the matter. [12029/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Financial Regulator that AIB is the covered institution with the most significant exposure, at 6.2% of total loans, to central and eastern Europe. This is because it is the only domestic institution with a direct interest in banks in the region. I am also informed that the other covered institutions have minimal exposure, at less than 1% of total loans, in the listed countries.
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