Written answers
Tuesday, 3 November 2009
Department of Finance
Banking Sector
8:00 pm
Bernard Durkan (Kildare North, Fine Gael)
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Question 152: To ask the Minister for Finance if the banks have given a guarantee to restore lending to the business and commercial sectors in return for the National Asset Management Agency rescue package; if his attention has been drawn to the current situation whereby it appears that the banking sectors are using the Government guarantee of NAMA to restore confidence in their own entity leaving the economy without a cash flow; and if he will make a statement on the matter. [37795/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As the Deputy will be aware, during the committee stage debate of the National Asset Management Agency Bill, I undertook to bring forward an amendment at Report Stage dealing with the requirements for participating institutions in the area of the provision of credit.
I can confirm that I will be doing so later this week.
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