Written answers
Thursday, 23 June 2011
Department of Finance
Bank Guarantee Scheme
6:00 pm
Paschal Donohoe (Dublin Central, Fine Gael)
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Question 54: To ask the Minister for Finance the value of guaranteed bank bonds that have been paid off by the State since September 2008; the breakdown of these payments by bank; the value by bank that is outstanding; and if he will make a statement on the matter. [16910/11]
Michael Noonan (Limerick City, Fine Gael)
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No payments have arisen for the State in respect of any of the banks' guaranteed liabilities. It will be a matter of the utmost priority for the Government to ensure that no payment under the Guarantee arises in the future. The Deputy will be aware that Central Bank of Ireland (CBI) published on 1 April 2011 the total senior and subordinated debt issuances by those banks covered by the Guarantee as at April 2011. This information is available on the Central Bank's website at www.centralbank.ie. The CBI has advised that publishing details per individual institution does not form part of any statistical series.
The Central Bank of Ireland has advised me that the latest information they have in relation to the value of bonds held by the six covered institutions is as follows:
Senior Bonds Guaranteed: €20,808m
Senior Bonds Unguaranteed secured: €19,632m
Senior Bonds Unguaranteed unsecured: €16,306m
Subordinated bonds: €6,250m
TOTAL €62,996
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