Thursday July 9, 2020

Government to end bank guarantee on 28th March

UPDATE: The government decided today to wind down the bank guarantee by the end of March, according to a Bloomberg News report.

26th February, 2013
Finance minister Michael Noonan.

The Minister for Finance Michael Noonan has announced that the Bank Guarantee will end for all new liabilities from midnight on the 28th March 2013.

The announcement came following a decision by the Cabinet earlier today. Noonan commented to reporters that the removal of the guarantee will not lead to a capital flight from Irish banks.

* **Read the government's full statement here.**

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