Business Irish

Tuesday 23 May 2017

Lenihan discussing bank renumeration with EU

Dara Doyle

Finance Minister Brian Lenihan has said he’s discussing with the European Commission how the state will be paid for its investment in the country’s banks, after the lenders suspended some coupon payments at the Commission’s request.

“I’m determined in the context of ongoing discussions with the European Commission to secure agreement on the banks’ restructuring plans to resolve this issue to ensure that the state receives appropriate remuneration,” Lenihan said in the Dail today.

He said he expects the EU to rule on the banks’ restructuring plans in the first half of the year.

Bloomberg

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