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Bank Guarantee Scheme

End to Bank Guarantee Scheme : Minister Noonan has announced that the bank guarantee will end at midnight on 28th March 2013. After that date no new liabilities coming from Irish banks will be covered by the Eligible Liabilities Guarnatee Scheme, which was introduced on 30th September 2008.

The Minister stressed that the announcement had no impact on the Deposit Guranatee Scheme, which continues to provide cover for customer savings up to €100,000.