Statement on the resignation of Mr. Denis Casey from Irish Life & Permanent

On 13th February 2008

The Minister for Finance, Mr. Brian Lenihan T.D. said: "Last night I stated that the Board of Irish Life and Permanent must discharge its responsibilities in relation to the serious matters that have arisen. I welcome Mr. Casey’s decision to resign from his position in the Group. This is an essential first step in repairing the reputational damage done to the Irish financial system by this transaction."

Ends