Finian McGrath (Dublin North Central, Independent)
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219. To ask the Minister for Finance if he will examine the introduction of public banking, which operates on commercial principles, with the aim of maximising sustainable lending and not profits; and if he will make a statement on the matter. [9168/15]

Michael Noonan (Limerick City, Fine Gael)
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Officials of my Department have met with representatives of the Public Banking Forum and have received presentations from them. While my Department is interested in the potential of the proposal from the Public Banking Forum, I understand that the Forum will be providing a more developed proposal to me in the coming weeks which can better articulate the role public banking can play in the Irish financial market. Following receipt of this additional information I am prepared to give the concept further consideration.