Impact on other financial institutions in Ireland
The following FAQs are based on the Irish Government's document 'Anglo Irish Bank Corporation plc - Nationalisation FAQs' published 03/02/09. This section refers to items 24 and 25.
How does the nationalisation of Anglo affect other financial institutions in Ireland?
The Minister for Finance has made clear that customers of all financial institutions can have confidence that the wider financial system in Ireland remains well capitalised and liquid and that the Irish authorities will be proactive to ensure that their interests are protected and that their deposits and debts are secure. The Government will ensure the continued viability of all systemically important financial institutions in Ireland.
Are the Government's plans to recapitalise AIB and Bank of Ireland still going ahead?
Yes. The Government remains fully committed to the recapitalisation proposals already announced in relation to AIB and Bank of Ireland. These plans include the injection of core tier 1 capital in the form of preference shares and the underwriting of a further core tier 1 capital issuance.
To view the full pdf 'Anglo Irish Bank Corporation plc - Nationalisation FAQs' on the Department of Finance website, please click here.