154 Deputy Liz McManus asked the Minister for Finance his views on the viability of a banking division at a bank (details supplied) as an independent going concern in view of its unsustainable loans to deposits ratio and dependence on the European Central Bank’s extraordinary liquidity measures and money market funding; if he has a preference for it to remain as an independent credit institution, to acquire a strategic partner from overseas or to merge with one or more of the other domestic credit institutions; if he will comment on recent reports that the bank rejected his proposal that they merge with another bank in the weeks after the bank guarantee was issued; if he envisages such a merger as a viable option. [5316/10]

Summary

154 Deputy Liz McManus asked the Minister for Finance his views on the viability of a banking division at a bank (details supplied) as an independent going concern in view of its unsustainable loans to deposits ratio and dependence on the European Central Bank’s extraordinary liquidity measures and money market funding; if he has a preference for it to remain as an independent credit institution, to acquire a strategic partner from overseas or to merge with one or more of the other domestic credit institutions; if he will comment on recent reports that the bank rejected his proposal that they merge with another bank in the weeks after the bank guarantee was issued; if he envisages such a merger as a viable option. [5316/10]

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Timeline

1. 3 February 2010

   Banking Sector Regulation.

   154 Deputy Liz McManus asked the Minister for Finance his views on the viability of a banking division at a bank (details supplied) as an independent going concern in view of its unsustainable loans to deposits ratio and dependence on the European Central Bank’s extraordinary liquidity measures and money market funding; if he has a preference for it to remain as an independent credit institution, to acquire a strategic partner from overseas or to merge with one or more of the other domestic credit institutions; if he will comment on recent reports that the bank rejected his proposal that they merge with another bank in the weeks after the bank guarantee was issued; if he envisages such a merger as a viable option. [5316/10]

   Source: written

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• Banking Sector Regulation.

  xml · EN · 3 February 2010

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• Liz McManus · Asking member
• Minister for Finance · Minister for Finance · Addressed to

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