Written answers
Wednesday, 3 February 2010
Department of Finance
Financial Institutions Support Scheme
9:00 pm
Eamon Gilmore (Dún Laoghaire, Labour)
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Question 95: To ask the Minister for Finance if his attention has been drawn to any recent interest from foreign investors in taking strategic or controlling stakes in any of the credit institutions covered by the banking guarantee; and if he will make a statement on the matter. [5319/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I have informed the House previously that I have discussed the issue of private sector investment in the banks with senior executives of the credit institutions covered by the bank guarantee. I understand that some institutions have engaged in such discussions with representatives of potential investors. To date, none of these discussions have resulted in any detailed investment proposal. However, the Deputy will appreciate that much of this information is received in confidence and could be a market sensitive issue for the potential investors.
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