Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance further to the publication of the 2012 annual report and accounts for Allied Irish Banks, if he will provide the details of the €1.2bn deleveraging of EBS buy-to-let mortgages in 2012 referred to on page 95 of the annual report; if the deleveraging was a sale, the name of the purchaser; the purchase price; the par value of the loans and the value of the loans after provisions; if AIB recorded a loss on the sale; and the sales process AIB engaged in to maximize the price achieved. [16592/13]

Michael Noonan (Limerick City, Fine Gael)
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The Deputy will be aware that the asset transfer to AIB's pension scheme was directly linked to the bank's Early Retirement and Voluntary Severance Programme and was essential for the bank to be able to fund these plans. All relevant disclosures in relation to AIB's deleveraging process are made as part of AIB's 2012 Annual Accounts published on 27th March 2013.