Written answers

Tuesday, 23 February 2010

9:00 pm

Photo of Olivia MitchellOlivia Mitchell (Dublin South, Fine Gael)
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Question 179: To ask the Minister for Finance if he or any member of his staff met with representatives of a company (details supplied) to discuss their loan application to Anglo Irish Bank and if, following such a meeting, a loan of approximately €11 million was secured by the company and the proposal receiver was stood down. [9155/10]

Photo of Brian Lenihan JnrBrian Lenihan Jnr (Dublin West, Fianna Fail)
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Neither I nor my staff met with representatives of the company specified or sought to influence the bank in its commercial decisions. As the Deputy will be aware a Relationship Framework, pursuant to Section 3 of the Anglo Irish Bank Corporation Act 2009, specifies the relationship between the Minister for Finance as sole shareholder of Anglo, and the bank. Under the Relationship Framework Anglo Irish Bank is run on an arms length commercial basis by the Board of the bank and the commercial relationship between the bank and its customers is a matter for the bank itself, in respect of which I have no role or function.

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