Written answers
Wednesday, 24 April 2013
Department of Finance
Banking Sector Issues
Pearse Doherty (Donegal South West, Sinn Fein)
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69. To ask the Minister for Finance further to Parliamentary Question No. 280 of 16 April 2013, if he will identify the independent advisors to Allied Irish bank and the AIB pension fund in the transaction whereby €1.2 billion of EBS mortgages were transferred from AIB to the AIB pension fund in August 2012; if the same company acted as independent advisor on both sides of the transaction; and if he will make a statement on the matter. [19349/13]
Michael Noonan (Limerick City, Fine Gael)
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I have been informed by AIB that for commercial confidentiality reasons AIB does not publicly disclose the details of contracts with individual external service providers. However, the bank can confirm that for the purpose of asset valuation, separate advisors were used by AIB and the Trustees of the AIB Pension Fund.
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