Written answers
Wednesday, 12 January 2011
Department of Finance
Banks Capitalisation
2:30 pm
Joan Burton (Dublin West, Labour)
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Question 262: To ask the Minister for Finance the subscribed capital of the Central Bank of Ireland; the total size of the balance sheet of the Central Bank; if he is satisfied that the Central Bank is sufficiently capitalised or if he plans to increase its subscribed capital; and if he will make a statement on the matter. [1052/11]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the Central Bank that its capital and reserves stand at €1.5 billion (of which €50,790 is subscribed capital, fixed under Section 9 (1) of the Central Bank Act 1942). I am further advised that the Central Bank's total balance sheet stood at €205.45 billion as at 31 December 2010; this is a provisional figure subject to the finalisation of year-end accounts.
The Central Bank of Ireland, as part of the European System of Central Banks, is subject to particular arrangements for the sharing of income and risks throughout the Eurosystem. With regard to the sufficiency of the Central Bank's own capital, this is kept under review.
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