Michael McGrath (Cork South Central, Fianna Fail)
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38. To ask the Minister for Finance when the European Commission will deliver its final response and decision in respect of the restructuring proposals for AIB; and if he will make a statement on the matter. [10640/14]

Michael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, AIB through the Department of Finance, has been in detailed discussions with the European Commission to finalise the terms of the bank's EU Restructuring Plan.  Finalisation and approval of this plan is an important milestone for the bank as it returns to profitability and re-engages with its customers and the funding and investment markets.  Based on the interaction my officials have had with the EC case team in Brussels, I expect that the Plan will be approved in the short term.