Written answers

Wednesday, 3 February 2010

Department of Finance

Financial Institutions Support Scheme

9:00 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael)
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Question 182: To ask the Minister for Finance if he has met with the board of Anglo Irish Bank regarding the options for the development of the bank. [5684/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Minister, Department of Finance; Dublin West, Fianna Fail)
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As the Deputy may be aware, on 30 November last Anglo Irish Bank submitted its Restructuring Plan to the European Commission. This was a condition for State aid approval of the bank's recapitalisation in 2009. The Restructuring Plan considers all options for the future of the bank.

The submission of the plan marked the beginning of a detailed and comprehensive evaluation process in advance of any final decision by the Commission on the plan. This ongoing process requires extensive consultation and dialogue between the Commission, the Irish authorities and the bank.

As I have stated previously, I am committed to working closely with the Commission and the bank on the assessment of the plan to achieve the best possible outcome for the State from this process. In this regard, I am in contact both directly and through my officials, with the board of Anglo Irish Bank.

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