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The Irish Life & Permanent has a comprehensive funding
programme in place to support the expanding lending activities of
the group. Responsibility for managing this programme, and for
managing liquidity within the group, is centralised within the
Treasury function.
The primary objective of Treasury is to ensure that the group
has sufficient funding available, at optimal cost, to meet the
operational needs of the group and to adhere to regulatory and
prudential requirements. This has been achieved through a policy of
diversification of funding sources and by ensuring a balanced
maturity profile for debt raised by the group.
Funding Mix
Total €44bn Dec 2007
Long-Term Debt Maturity*
Total €9.9bn Dec 2007
* including subordinated debt
* interest rate structure floating
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