Written answers
Tuesday, 3 November 2009
Department of Finance
Financial Institutions Support Scheme
8:00 pm
Joan Burton (Dublin West, Labour)
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Question 310: To ask the Minister for Finance the names of each director of each credit institution covered by the bank guarantee; the date the guarantee was granted; the main occupation of said directors and a list of all related directorships and interests for each director; and if he will make a statement on the matter. [38261/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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General information, such as the names and background information of the Directors of the institutions covered by the Bank Guarantee Scheme can be found in the Annual Reports and the websites of those covered institutions. Information on the Directors, including details of other directorships, can also be accessed by the Deputy from the Companies Registration Office. Detailed information regarding Postbank's Directors can be obtained directly from that institution.
Under the Building Societies Act, 1989, every building society must keep a register of each director which contains the Director's name, address, business occupation, and particulars of any other directorships of bodies corporate. Section 66(3) of that Act provides that any person may request a copy of the register, having paid a fee as the Central Bank may fix.
Most of the institutions joined the Scheme on 24th October 2008, with the exceptions of Postbank Ireland Ltd which was added on 5th November 2008, and EBS Mortgage Finance added on 4th December 2008.
Those institutions that have executed a guarantee acceptance deed and have then been designated in an order by the Minister for Finance are "covered institutions". The list of "covered institutions", including their subsidiaries is as follows:
Covered Institution | Subsidiary | Date added to the Scheme |
Allied Irish Bank plc | AIB Mortgage BankAIB Bank (CI) LimitedAIB Group (UK) plcAIB North America Inc. | 24 October 2008 |
Anglo Irish Bank Corporation Ltd. | Anglo Irish Bank Corporation (International) Ltd. | 24 October 2008 |
The Governor and Company of the Bank of Ireland | Bank of Ireland Mortgage BankICS Building SocietyBank of Ireland (I.O.M.) Limited | 24 October 2008 |
EBS Building Society | EBS Mortgage Finance | 24 October 20084 December 2008 |
Irish Life and Permanent plc | Irish Permanent (I.O.M.) Limited | 24 October 2008 |
Irish Nationwide Building Society | Irish Nationwide (I.O.M.) Limited | 24 October 2008 |
Postbank Ireland Limited | 5 November 2008 |
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