Written answers

Tuesday, 29 March 2011

Department of Finance

Banks Recapitalisation

10:00 pm

Photo of Eric ByrneEric Byrne (Dublin South Central, Labour)
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Question 83: To ask the Minister for Finance in relation to the capitalisation of Irish banks and options outside of the European Union and International Monetary Fund programmes, if he approached any other countries or bodies to seek financial assistance outside of the above named institutions; did the State ever contemplate approaching the United States or China with a view to banking institutions in those states investing in banking institutions in our State. [6047/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The NTMA stands ready to engage in discussions with potential investors in the banking system, has done so in the past and will continue to do so in the future. In this respect, the NTMA has worked closely with the institutions and others to explore possibilities.

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