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IBF Statement on Credit Institutions (Financial Support) Scheme

The Irish Banking Federation (IBF) welcomes the publication by Government today of the Credit Institutions (Financial) Support Scheme. The Government’s action is designed to improve liquidity across the banking system, recognising the central importance of financial services to consumers, business and the wider economy.

All markets have been impacted by the prolonged dislocation of the international financial system and all governments have had to respond, both unilaterally and through multilateral arrangements, to restore order to financial markets, begin rebuilding confidence, thus creating the conditions for renewed economic growth.

As the representative body for banks, IBF recognises its role and responsibilities in this regard and will play its full part with members in fulfilling this objective.

Note to Journalists: Irish Banking Federation (IBF) is the leading representative body for the banking and financial services sector in Ireland, representing over 70 member institutions and associates, including licensed domestic and foreign banks and institutions operating in the financial marketplace here.

Further information: Felix O’Regan, Head of PR and Public Affairs, IBF, tel. 6715311, 087 6481644

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