Seán Fleming (Laois-Offaly, Fianna Fail)
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To ask the Minister for Finance if he will provide an estimate of the levy on credit institutions not being credit unions based on S.I. No. 443 of 2012 of the Credit Institutions Resolution Fund Levy (Amendment) Regulations 2012. [53358/12]

Michael Noonan (Limerick City, Fine Gael)
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The estimated levy payable in the 12 month levy period 1 October 2012-30 September 2013 by credit institutions not being credit unions under the Credit Institutions Resolution Fund Levy Regulations 2012 (S.I. 381 of 2012) as amended by S.I. 443 of 2012 is €2.7 million. It should be noted that the banks that are subject to the Credit Institutions (Stabilisation) Act 2010 are not liable to being levied for the Resolution Fund while they are subject to the Stabilisation Act regime and will not therefore be contributing in the levy period 1 October 2012- 30 September 2013. On conclusion of the Stabilisation Act regime it is estimated that those banks would contribute approximately €15.4 million in a 12 month period.