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Cypriot Financial System

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Cypriot Financial System

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Minister for Finance (Deputy Michael Noonan)

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Snippet Contents:

I propose to take Questions Nos. 218 to 220, inclusive, together.
I am informed by the Central Bank of Ireland that the exposure of the covered banks to Cypriot sovereign bonds is zero.
I have no information on the exposure of Irish households to Cypriot sovereign bonds and businesses to the Cypriot financial system.
The Central Bank does not disclose details of specific exposures within its own investment portfolio. The Central Bank does not comment on the investment holdings of the ECB.
I would draw the Deputy’s attention to the European Central Bank notice on 21 February 2013 whereby details on securities holdings acquired under its Securities Markets Programme were published.