Written answers

Wednesday, 22 April 2009

Department of Finance

National Assets Management Agency

10:00 pm

Photo of Joan BurtonJoan Burton (Dublin West, Labour)
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Question 214: To ask the Minister for Finance if loans at Anglo Irish Bank are to be included in the remit of the National Assets Management Agency; and if he will make a statement on the matter. [15898/09]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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The position on the inclusion of loans at Anglo Irish Bank in the remit of the National Asset Management Agency will be considered having regard to Anglo's particular circumstances and the business planning process currently under way. All actions in relation to Anglo will be closely co-ordinated with the initiatives being taken in relation to the sector as a whole.

Anglo will remain as a going concern, being run on an arms length commercial basis. The Government has committed to further support measures for Anglo as necessary, consistent with EU State aid requirements.

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