Jim Daly (Cork South West, Fine Gael)
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302. To ask the Minister for Finance if he will confirm the total value of facilities sanctioned by the Irish pillar banks that were offered to private developers for the purpose of site acquisition; the cost of construction and site development works for new dwelling houses to be offered to the market, excluding home mortgage facilities, for each of the past four years; and if he will make a statement on the matter. [37734/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised that the banks disclose  information on their loan activities to the various sectors in their Interim and Annual Reports. The information disclosed relates only to loans that have been drawn down and not loans sanctioned.

All relevant disclosures in relation to AIB's Property & Construction loan portfolio are contained in the Risk Management section of their reports, the most recent of which is the AIB 2015 Half-Yearly Financial Report (pages 95-96). This report is available at the following link:

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Similarly, Bank of Ireland disclose their Property & Construction loan portfolio in Annual and Interim Reports, the most recent of which is the Interim Report for the six months ended 30 June 2015 and is available at the following link:

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In relation to the second part of your question, the cost of construction and site development works for new residential dwellings to be offered to the market, it is determined by a complex variety of market, planning and other factors. As Minister for Finance, it does not fall within my remit to account for all the construction and site development works costs borne by developers, and the Deputy may wish to consider addressing his questions in this regard to industry professional bodies such as the Society of Chartered Surveyors Ireland.