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The Bank of Ireland on College Green Dublin Paul Seheult/ PA Images

Bank levy will cost Bank of Ireland €40 million a year

The Government estimated that the levy would raise a total of €150 million for the exchequer each year from all Irish domestic banks.

BANK OF IRELAND has estimated that the bank levy introduced by the Government in last month’s budget will cost them €40 million a year.

The levy announced last month by Minister for Finance Michael Noonan was slated to raise €150 million from next year for the next three years from Irish domestic banks.

The individual levies for each institution are will be broadly based on the amount of tax paid on deposit interest in 2011 but this is the first time that any of the banks has put a figure on how it will actually affect them.

In an interim management statement issued this afternoon, Bank of Ireland also said that their loan deposit ratio had reduced marginally in the third quarter of the year, from 121 per cent to 120 per cent.

The group’s net loan volumes at the end of September 2013 were marginally below the €87 billion reported at the end of June 2013 while customer deposits were marginally above the c€72 billion at the same date.

Read: Five Irish banks included in ECB stress-test plans >

Read: ‘My contract has been accepted by government’ – Richie Boucher on his €843k salary >

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22 Comments
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    Mute Keith Wizzy
    Favourite Keith Wizzy
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    Nov 13th 2013, 11:30 PM

    Fair fooks to all involved. Ashamed to say I’d not known it was on.

    125
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    Mute Rob Cunningham
    Favourite Rob Cunningham
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    Nov 14th 2013, 12:10 AM

    When is the next one?

    40
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    Mute Bobby
    Favourite Bobby
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    Nov 13th 2013, 11:42 PM

    What a great city

    71
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    Mute Gerard McCarthy
    Favourite Gerard McCarthy
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    Nov 14th 2013, 1:18 AM

    Was there only one photographer in dublin, couldn’t have got a pic outside Dublin no? Typical!! Not to put dampener on it as was great cause fair play to those who ran, just a gentle reminder to media life exists outside of DUBLIN!!!!

    48
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    Mute Derek Gannon
    Favourite Derek Gannon
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    Nov 14th 2013, 1:25 AM

    G’wan the chip on the shoulder. . . .

    79
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    Mute Gerard McCarthy
    Favourite Gerard McCarthy
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    Nov 14th 2013, 1:52 AM

    Feckin dubs ha!!

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    Mute Cian Hulm
    Favourite Cian Hulm
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    Nov 14th 2013, 2:03 AM

    Does it really?

    10
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    Mute Derek Gannon
    Favourite Derek Gannon
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    Nov 14th 2013, 2:03 AM

    Ah sure we’re all friends. . . I’m sure there will be photos of the cork run somewhere tomorrow.all the journalists on the score.ie are too busy trying to come up with more Roy keane articles for us then to worry about the night run anywhere else!!

    24
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    Mute Dominique Lavin
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    Nov 13th 2013, 11:55 PM

    Well done to everyone involved in this including my amazing brother in law Gary Seery all the running for such good causes :)

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    Mute Mark Doran
    Favourite Mark Doran
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    Nov 14th 2013, 5:57 AM

    Ran the race last night, had a great time :) thanks to all the organisers & volunteers for their free time & support. Well Done to all all over the Country & further a field.

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    Mute Fecky Din
    Favourite Fecky Din
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    Nov 13th 2013, 11:54 PM

    Saw one of these in Vienna a couple weeks ago..really cool idea

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    Mute peter gaffney
    Favourite peter gaffney
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    Nov 14th 2013, 5:58 AM

    Should be ran in the phoniex park.

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    Mute Daniel Dunne
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    Nov 14th 2013, 4:32 PM

    Except for the lack of street lighting away from Chesterfield Avenue, it’s a nicer run but not practical for a run in the dark.

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    Mute Caroline Farrell
    Favourite Caroline Farrell
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    Nov 14th 2013, 2:46 PM

    I ran in Kilkenny with some friends.lovely night for it

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    Mute peter gaffney
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    Nov 15th 2013, 1:36 AM

    The reason i was suggesting it should be ran in the park is for a number of obvious reasons.
    Free traffic congestion
    Free parking where ever you want.
    Free lighting (generatated lighting).
    Don’t get me wrong i agree with the purpose of the run for charities and all that and i salute everybody that run’s the race…..just think its more of a suitable place.

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