Pearse Doherty (Donegal South West, Sinn Fein)
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Question 57: To ask the Minister for Finance the current quantum of non-central bank interbank lending to Irish Life and Permanent; when it falls due for repayment; and in relation to ILP's Debt Securities in Issue, if he will advise the month or months when the 2013 debt of €2,775 million falls due to repayment [35963/12]

Michael Noonan (Limerick City, Fine Gael)
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As at 31 December 2011, and as outlined in Note 22 to the 2011 annual report and accounts of Irish Life and Permanent, there was €2.7 billion of lending from banks and institutions outstanding. This lending was by way of a collateralised repurchase agreement secured on €5 billion of notes issued by SPVs which hold residential mortgages. During 2013 there are a variety of debt securities which comprise the €2,775 million stated in Note 24 to the 2011 annual report and accounts, the largest of which are a €1.4 billion guaranteed maturity in January 2013 and a €1.2 billion guaranteed maturity in April 2013. As stated in 33791/12 PTSB expects 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.