Brian Hayes (Dublin South West, Fine Gael)
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Question 77: To ask the Minister for Finance the amount and the individual amounts paid by those banks in State ownership in salary and management contracts terms to each developer to date; the incentive plans granted to them; and if he will make a statement on the matter. [29161/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Anglo Irish Bank is run on an arm's length commercial basis by the Board of Anglo. Consequently, matters which relate to the normal commercial business of the bank, including the detailed arrangements with individual customers and other business services are a matter for the Board of the bank.

Information on the bank's contracts and loan conditions are commercially sensitive and it would therefore not be appropriate to release such information. In order to provide insight into how such matters are managed the bank has informed me that where payments are being made to cover salary obligations of borrowers they are typically approved as part of a working capital/cash facility. It is important to note that the bank does not, in the normal course of business, employ or pay developers. However, approved working capital/cash facilities provided under specific loan arrangements will typically comprise a number of payment requests such as individual creditor payments and salaries.