Pearse Doherty (Donegal South West, Sinn Fein)
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Question 61: To ask the Minister for Finance if he will outline known future funding requirements for Irish Life and Permanent in 2012-2015 for its repayment of inter-bank and other debt, and if he will outline the expected source of such funding. [33791/12]

Michael Noonan (Limerick City, Fine Gael)
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I have been advised by Permanent TSB that the scheduled maturities of its wholesale debt are set out in note 22 of its 2011 annual report. Permanent TSB's future funding requirements are impacted by these scheduled maturities and the liquidity available over time from market sources, systemic funding and deposit funding. I have been informed by PTSB that, at the present time, it is unlikely that they will be able to issue senior unsecured debt to replace wholesale funding as it matures. PTSB expect to meet maturity needs from the €1.3 billion of liquidity received from the sale of Irish Life, deposit growth and the benefits of restructuring the balance sheet. PTSB will continue to review opportunities for secured debt issuance.