Willie Penrose (Longford-Westmeath, Labour)
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Question 75: To ask the Minister for Finance the progress made to date with respect to the viability and business plans for the credit institutions covered by the bank guarantee submitted to the EU Commission for consideration; when he expects opinions to be issued by the Commission in relation to each of the credit institutions concerned; and if he will make a statement on the matter. [11631/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Under EU State aid requirements the financial institutions which were recapitalised by the State - Allied Irish Banks, Anglo Irish Bank and Bank of Ireland - were obliged to submit a restructuring plan to the European Commission within six-months of receiving the Government injection of capital. The Bank of Ireland Plan was submitted to the Commission on 30 September 2009. The Allied Irish Banks Plan was submitted on 13 November 2009 and the Anglo Irish Bank Plan was submitted on 30 November 2009. Considerable discussion, dialogue and exchange of information is continuing as the Commission undertake their assessment of the restructuring plan in line with the applicable state aid rules. It is too early to speculate on how long this process will take and when final approval of the restructuring plans for the institutions will be granted by the Commission.