Tánaiste says 20 credit unions do not have legal minimum capital reserves

The Tánaiste said that 20 of the country's 392 credit unions do not have the legal minimum capital reserves.

Tue, 12 Nov, 2013 - 15:53

The Tánaiste said that 20 of the country's 392 credit unions do not have the legal minimum capital reserves.

Eamon Gilmore said that even if they all needed capital injections, the total cost would be €11m - just a fifth of the €54m bailout of Newbridge alone.

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Courts Heathrow Place: Newbridge Person: Eamon Gilmore Person: Gilmore Organisation: Tánaiste Organisation: Central Bank

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Tánaiste says 20 credit unions do not have legal minimum capital reserves

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Tánaiste says 20 credit unions do not have legal minimum capital reserves

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