Written answers
Thursday, 10 December 2009
Department of Finance
Bank Levies
11:00 pm
Frank Feighan (Roscommon-South Leitrim, Fine Gael)
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Question 82: To ask the Minister for Finance if his attention has been drawn to the decision of a bank (details supplied) to impose premium levies on borrowings on thousands of businesses here which will result in hundreds of businesses and thousands of jobs losses. [46547/09]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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As I have said previously the cost of credit is a matter determined by financial markets. The Deputy will appreciate that I have an "arms-length" relationship with the named covered institution. Accordingly, it is a matter for that institution to determine its lending policy and charges subject to any necessary regulatory approval.
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