107 Deputy Joan Burton asked the Minister for Finance his views on recent write-downs of impaired assets by EBS and National Irish Bank; if these write-downs are consistent with expectations as per the recent PricewaterhouseCoopers report; if it is expected that 2009 write-downs at Allied Irish Banks, Bank of Ireland and Anglo Irish Bank will be of a similar, greater or lesser magnitude, in proportionate rather than nominal terms; the way the write-downs of EBS and NIB compare to the stress-testing carried out by PWC on the loan books of the balance sheets at the institutions covered by the bank guarantee; if he will confirm that this stress-testing implied a 2% write-down of total loans outstanding per institution per annum for three years; if this is the worst case scenario according to the PWC report or if stress-testing had been carried out at a higher level of implied write-downs; and if he will make a statement on the matter. [6370/09]

Summary

107 Deputy Joan Burton asked the Minister for Finance his views on recent write-downs of impaired assets by EBS and National Irish Bank; if these write-downs are consistent with expectations as per the recent PricewaterhouseCoopers report; if it is expected that 2009 write-downs at Allied Irish Banks, Bank of Ireland and Anglo Irish Bank will be of a similar, greater or lesser magnitude, in proportionate rather than nominal terms; the way the write-downs of EBS and NIB compare to the stress-testing carried out by PWC on the loan books of the balance sheets at the institutions covered by the bank guarantee; if he will confirm that this stress-testing implied a 2% write-down of total loans outstanding per institution per annum for three years; if this is the worst case scenario according to the PWC report or if stress-testing had been carried out at a higher level of implied write-downs; and if he will make a statement on the matter. [6370/09]

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Timeline

1. 18 February 2009

   Banking Sector Regulation.

   107 Deputy Joan Burton asked the Minister for Finance his views on recent write-downs of impaired assets by EBS and National Irish Bank; if these write-downs are consistent with expectations as per the recent PricewaterhouseCoopers report; if it is expected that 2009 write-downs at Allied Irish Banks, Bank of Ireland and Anglo Irish Bank will be of a similar, greater or lesser magnitude, in proportionate rather than nominal terms; the way the write-downs of EBS and NIB compare to the stress-testing carried out by PWC on the loan books of the balance sheets at the institutions covered by the bank guarantee; if he will confirm that this stress-testing implied a 2% write-down of total loans outstanding per institution per annum for three years; if this is the worst case scenario according to the PWC report or if stress-testing had been carried out at a higher level of implied write-downs; and if he will make a statement on the matter. [6370/09]

   Source: written

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• Banking Sector Regulation.

  xml · EN · 18 February 2009

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• Joan Burton · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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