Written answers
Tuesday, 20 March 2018
Department of Communications, Climate Action and Environment
Departmental Banking
Pearse Doherty (Donegal, Sinn Fein)
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773. To ask the Minister for Communications, Climate Action and Environment the cost to his Department of negative interest rates on deposits held; the details of same for agencies under his aegis; and if he will make a statement on the matter. [11732/18]
Denis Naughten (Roscommon-Galway, Independent)
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The total amount of negative interest paid by my Department in respect of deposits since the introduction of these charges in May 2017 is €3,757. This amount includes deposits held by my Department in respect of the Environment Fund.
Information in respect of bodies and agencies under the aegis of my Department is a day to day matter for those organisations and my Department does not have the information sought by the Deputy. I will, however, request the relevant agencies and bodies under the aegis of my Department to respond directly to the Deputy in the matter.
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