Monday June 1, 2020

Banks to pay more for guarantee scheme

Irish banks will have to pay increased rates for using the government guarantee scheme from the end of June, under new rules being imposed by the EU.

22nd May, 2010

Irish banks will have to pay increased rates for using the government guarantee scheme from the end of June, under new rules being imposed by the EU.

The Department of Finance has confirmed that banks will face higher rates, as well as viability reviews, in order to wean them off the guarantee scheme or force them to restructure.

The government intends to extend its bank guarantee scheme - which covers some €400 billion of bank...

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