Written answers

Thursday, 4 July 2013

Department of Finance

Banking Guarantee Scheme Liabilities

Photo of Éamon Ó CuívÉamon Ó Cuív (Galway West, Fianna Fail)
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94. To ask the Minister for Finance the estimated potential exposure to the State in 2008 broken down between deposits, tier-one bonds and subordinated bonds arising from the blanket guarantee given at the end of September 2008; and if he will make a statement on the matter. [32737/13]

Photo of Michael NoonanMichael Noonan (Minister, Department of Finance; Limerick City, Fine Gael)
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The Deputy will be aware that details of bank funding profiles, including a breakdown of the aggregate amounts of tier 1 bonds and subordinated bonds and other covered liabilities for any given period, received by my Department in the course of official communications and which are not a matter of public record are commercially sensitive.

Information on the breakdown of the total of covered liabilities on 30 September, 2008, is available on public record as published in the Nyberg Report (page 77) in March 2011 http://www.finance.gov.ie/documents/publications/reports/2011/nybergreport.pdf. Though this information is not classified in the terms specified by the Deputy, I repeat the figures from the report for the Deputy’s convenience.

Bank Profiles
Customer Deposits€173.2bn
Interbank Deposits€49.1bn
Senior Unsecured Debt€124.2bn
Financial Instruments€0.7bn
Asset Covered Securities€15.8bn
Dated Subordinated Debt€12.2bn
Total€375.2bn

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