Irish Life & Permanent has been specified as a covered institution by the Minister for Finance under the Credit Institutions (Financial Support) Scheme 2008 and the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009.
Extension of the ELG Scheme
The legislation to extend the ELG Scheme to 31 December 2012 (subject to EU state aid approval) was signed into law on 8 December 2011. EU state aid approval for the extension of the ELG Scheme for the six month period to 30 June 2012 issued on 8 December 2011 for all liabilities under the Scheme.
Full terms of the guarantee including the statutory Deposit Guarantee Scheme (DSG) are available on the Department of Finance.
The scope of covered liabilities for Irish Life & Permanent are set out at: http://www.ntma.ie/