Paschal Donohoe (Dublin Central, Fine Gael)
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Question 137: To ask the Minister for Finance the amount of ECB funding for the covered Irish financial institutions that has been replaced into three year ECB funding subsequent to the three year ECB LTRO auction on the 21 December 2011; if the provision of three year term funding means the pillar banks and Irish Life and Permanent are no longer being forced to deleverage as quickly as originally envisaged in the deleveraging programme detailed in the EU-IMF memorandum of understanding; and if he will make a statement on the matter. [3564/12]

Michael Noonan (Limerick City, Fine Gael)
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The Central Bank has informed me that any participation by Irish institutions in ECB operations is reflected in the Central Bank's monthly statistics publication; the monthly statistics publication which used December data was published at end-January. The Central Bank however, is not in a position to comment on individual participation in ECB operations. The offer of the three year LTRO is open to eurosystem counterparties with suitable collateral and has no connection or relationship with the deleverage plans of the banks mentioned in the question. The deleverage plans are a part of the Troika programme and are specific to certain banks in Ireland.