Written answers

Thursday, 13 October 2011

Department of Finance

Bank Guarantee Scheme

2:00 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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Question 46: To ask the Minister for Finance if he will provide details, for each eurozone country, of the amount of Government bonds held by each of the covered institutions; and if he will make a statement on the matter. [29343/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The latest publicly available figures on the amount of Eurozone Government bonds held by AIB, Bank of Ireland and Irish Life & Permanent were published as part of the EU wide bank stress tests on 15 July 2011. A link to the main release on the Central Bank of Ireland's website is below. http://www.centralbank.ie/press-area/press-releases/Pages/2011EU-WideBankStressTestResultsforIrishBanksPublished.aspx

The results published by the Central Bank contain an individual PDF report for each of the institutions detailing their Eurozone and other Sovereign exposures as of 31 December 2010. For each institution, the Sovereign debt exposures are shown starting on page 7. Additionally, AIB provided updated partial disclosure on their sovereign exposures as part of their 30 June 2011 half year results, the full detail of which can be found on page 27 of the document at the link below on the AIB website. http://www.aib.ie/servlet/ContentServer?pagename=AIB_Investor_Relations/AIB_Download/aib_d_download&c=AIB_Download&cid=1314616620712&channel=IRFP

The Eurozone Sovereign debt exposure for EBS also as of 31 December 2010 is detailed starting on page 69 of the Financial Measures Programme report which was published by the Central Bank on 31 March 2011. It should be noted that the definition of sovereign debt exposure used in the Financial Measures Programme differs slightly from that used in the Euro wide stress tests. A link to the report is shown below.

http://www.centralbank.ie/regulation/industry-sectors/credit-institutions/Pages/FinancialMeasuresProgramme.aspx Finally, Anglo Irish Bank's exposure to sovereign bonds is detailed on pages 46 and 47 its interim report for the 6 months to 30 June 2011. A copy of the bank's results can be found on the bank's group website at the following link: http://www.angloirishbank.com/Media-Centre/Reports/

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