Written answers

Tuesday, 7 May 2013

Department of Finance

Banking Sector Issues

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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130. To ask the Minister for Finance further to Parliamentary Question No. 69 of 24 April 2013, if the two advisors acting on behalf of AIB/EBS and the AIB/EBS pension fund were employees of the same firm. [21176/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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As I have previously advised the Deputy for commercial confidentiality reasons AIB has confirmed that it 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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