Written answers

Wednesday, 2 November 2011

Department of Finance

Bank Guarantee Scheme

8:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 25: To ask the Minister for Finance the date from which the banking guarantee applied to each of the six covered institutions. [31941/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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The Eligibility Liabilities Guarantee (ELG) Scheme commenced on the 9th December 2009. The banking guarantee applied to each of the six participating institutions from the dates shown in the table.

Participating InstitutionSubsidiariesDate joined the ELG Scheme
Irish Life and Permanent plc04/01/2010
Irish Permanent (IOM) Limited04/01/2010
Bank of Ireland11/01/2010
Bank of Ireland (IOM) Limited11/01/2010
Bank of Ireland (UK) plc27/07/2010
Bank of Ireland Mortgage Bank11/01/2010
The ICS Building Society11/01/2010
Allied Irish Banks plc21/01/2010
AIB Group (UK) plc21/01/2010
AIB Bank (CI) Limited21/01/2010
AIB Banks North America Inc.21/01/2010
AIB International Savings Ltd.28/01/2010
The EBS Limited01/02/2010
Anglo Irish Bank Corporation Ltd. *28/01/2010
Irish Nationwide Building Society *03/02/2010
Irish Nationwide (IOM) Building Society *03/02/2010

* Anglo Irish Bank Corporation Limited and Irish Nationwide have merged into a new entity known as the Irish Bank Resolution Corporation Limited and continue to be covered under the ELG.

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