Written answers

Tuesday, 7 May 2013

Department of Finance

Bank Debt Restructuring

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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132. To ask the Minister for Finance if he will confirm the amount of debt forgiveness that will be provided by Allied Irish Bank to Independent News and Media as part of the latter firm's recently announced reorganisation plans. [21178/13]

Photo of Luke FlanaganLuke Flanagan (Roscommon-South Leitrim, Independent)
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150. To ask the Minister for Finance if he will state, in both absolute and percentage terms, the amount of the debt being written down by wholly and partly State owned lending institutions for Thomas Crosbie Holdings Ltd. and Independent News and Media Ltd; and if he will make a statement on the matter. [21415/13]

Photo of Luke FlanaganLuke Flanagan (Roscommon-South Leitrim, Independent)
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152. To ask the Minister for Finance the percentage stake the State will now hold through Allied Irish Banks and Bank of Ireland in Independent News and Media Ltd. as a result of the debt for equity swop to facilitate the write down of INM Ltd. debt; and if he will make a statement on the matter. [21424/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 132, 150 and 152 together.

I have been informed that due to data protection rules and customer confidentiality the banks are not in a position to discuss details of individual customer circumstances.

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