Written answers

Tuesday, 19 January 2010

Department of Finance

Public Relations Contracts

9:00 pm

Photo of Fergus O'DowdFergus O'Dowd (Louth, Fine Gael)
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Question 234: To ask the Minister for Finance the cost of public relations incurred by Anglo Irish Bank in the past two years by company and contract price in each case; if tenders were sought; and if he will make a statement on the matter.

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Anglo Irish Bank is run on an arms length commercial basis by the Board of Anglo. Consequently, matters which relate to the normal commercial business of the bank, including public relations and other business services contracted by the bank, are a matter for the Board of Anglo.

Information on the bank's contracts and contracting processes are commercially sensitive and it would therefore not be appropriate to release such information. As the Deputy may be aware, comprehensive financial information on Anglo is published in bank's annual accounts in line with the requirements for publicly-quoted companies. These requirements however, do not extend to the level of individual service contracts concluded by the bank.

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