Pearse Doherty (Donegal South West, Sinn Fein)
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59. To ask the Minister for Finance if he will detail the total nominal value of assets in the Asset Management Unit of Permanent TSB; if he will provide a category of the breakdown of these assets, in nominal value owner occupied mortgages, nominal value buy to let mortgages, nominal value of tracker owner occupied mortgages, nominal value of tracker buy-to-let mortgages, nominal value of commercial mortgages, nominal value of National Assets Management Agency bonds, nominal value of Irish government bonds, nominal value of each of type of mortgage in arrears; if he will provide a breakdown of the type of deposits in the Asset Management Unit of Permanent TSB, the nominal amount of deposits below €100,000 and the nominal amount of deposits above €100,000; if he will provide a breakdown of the nominal amount of ECB or Ela finance in the Asset Management Unit of Permanent TSB, nominal value of Senior PTSB bonds in the Asset Management Unit, nominal value of PTSB subordinated bonds in the PTSB Asset Management Unit; and if he will make a statement on the matter. [21982/13]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware the Asset Management Unit (“AMU”) is a business unit for management reporting purposes but it is not a separate legal entity. All assets and liabilities of Permanent TSB remain in the relevant legal entities of the Permanent TSB group as laid out in the annual report, which is available on Permanent TSB's website.

I have been informed by Permanent TSB that the AMU only manages loan assets and that the nominal value of loans managed by the AMU presently is c €14 billion. I have also been informed by Permanent TSB that the total amount of assets managed by the AMU, and the mix of assets, may change over time.

Permanent TSB does not provide a further breakdown of loan assets managed by the AMU but the annual report includes detailed information on all of the loan assets held by Permanent TSB.

I have also been informed that no funding in Permanent TSB, whether deposits or otherwise, has been transferred to the AMU, which itself is not a separate legal entity.

As the Deputy will be aware from the annual report, Permanent TSB had no ELA funding at December 2012, and I am informed by Permanent TSB that it has not accessed ELA in the intervening period.