Question to the HM Treasury:

To ask Her Majesty's Government what was the cost to the Treasury of providing support to banks in the Republic of Ireland during the 2008 banking crisis; and whether any of the funds provided have been repaid.

HM Government did not provide any direct financial assistance to banks headquartered in Ireland during the financial crisis.

In 2010, Parliament authorised a bilateral loan of £3.2 billion to be lent to the Irish Government as part of a wider international assistance package. Disbursements were made in 8 tranches between 2011 and 2013. Principal repayments will begin in April 2019 and the Government expects the loan to be repaid in full with interest. The most recent statutory report on the loan was laid in Parliament on 24 April 2018 and is available to view online.