Written answers
Tuesday, 6 July 2021
Department of Employment Affairs and Social Protection
Departmental Data
Noel Grealish (Galway West, Independent)
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342. To ask the Minister for Employment Affairs and Social Protection the amount of interest her Department has been charged for savings or other funds on deposit in Irish banks since negative interest rates were introduced by year; and if she will make a statement on the matter. [35940/21]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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My Department incurred the amounts of negative interest by calendar year listed below since negative interest rates were introduced.
Year | Amount € |
---|---|
2017 | 1,732,258 |
2018 | 1,345,253 |
2019 | 1,013,977 |
2020 | 4,501,492 |
All interest incurred over the periods listed above were as a result of my Department ensuring banks were adequately funded to facilitate customer payments when due.
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