Written Answers - Financial Institutions Support Scheme.

Tuesday, 24 March 2009

Dáil Eireann Debate
Vol. 678 No. 2

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  212.  Deputy Joan Burton  Information on Joan Burton  Zoom on Joan Burton   asked the Minister for Finance  Information on Brian Joseph Lenihan  Zoom on Brian Joseph Lenihan   the extent to which the credit institutions covered by the bank guarantee scheme are exposed to loans in eastern Europe, particularly in Romania, Bulgaria, Latvia, Estonia, Lithuania, Slovakia, Czech Republic, Poland, Belarus and the Ukraine; and if he will make a statement on the matter. [12029/09]

[357]Minister for Finance (Deputy Brian Lenihan): Information on Brian Joseph Lenihan  Zoom on Brian Joseph Lenihan  I am informed by the Financial Regulator that AIB is the covered institution with the most significant exposure, at 6.2% of total loans, to central and eastern Europe. This is because it is the only domestic institution with a direct interest in banks in the region. I am also informed that the other covered institutions have minimal exposure, at less than 1% of total loans, in the listed countries.


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