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 at December 2008
Total €44bn

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