Written answers

Thursday, 21 November 2013

Photo of Seán Ó FearghaílSeán Ó Fearghaíl (Kildare South, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

38. To ask the Minister for Finance if his attention has been drawn to the total deposits held by a credit union (details supplied) in County Kildare at the time his special manager was appointed at the behest of the Central Bank; the level of deposits in the credit union immediately prior to its transfer to the Permanent TSB; and if he will make a statement on the matter. [49873/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I have been informed by the Central Bank that Newbridge Credit Union Limited’s total members’ shares and deposits were €163.4 million as at 30 September 2010, as extracted from its audited financial statements for the financial year ended 30 September 2010. It is not currently possible to disclose Newbridge Credit Union Limited’s total members’ shares as at a date closer to the appointment of the Special Manager in January 2012 given the High Court’s existing confidentiality orders concerning such disclosures. The Central Bank have also informed me that based on unaudited management accounts as at 31 October 2013, Newbridge Credit Union Limited’s total members’ shares and deposits were €79.3 million.

Comments

No comments

Log in or join to post a public comment.