Industry Funding Levy Information for Credit Institutions

In 2017, following a consultation process CP108 New Methodology to Calculate Funding Levies, the Central Bank implemented a new methodology for the calculation of levies payable by credit institutions.  This new calculation, which is similar to that used by the ECB, is described in detail below.  For further details, please see ‘Significant Changes in 2017’ in section 2 of the Guide To Industry Funding Regulations 2017.

Category A1 consists of two sub-categories A1a and A1b.

A1a – Significant supervised entities within the meaning of the SSM Framework Regulation (Regulation (EU) No. 468/2014 of the European Central Bank (ECB/2014/17)) which were admitted to the Credit Institutions (Eligible Liabilities Guarantee) Scheme 2009 (the "ELG Scheme institutions").

Each credit institution in this sub-category shall be liable to pay an Industry Funding Levy consisting of the sum of a minimum amount and a variable amount. 

Minimum amount:     €148,536

Variable amount:

The variable amount (V) is calculated as follows:

                                                                V = ((S+G) * 50%) * C

Where:                

S = the credit institution’s percentage share of the sum of total assets  for category A1 (based on the credit institution’s report in FINREP template F01.01 row 380 for the period 31 December 2019[1]);

G = the credit institution’s percentage share of the sum of total risk exposure for category A1 (based on the credit institution’s report in COREP template C02.00 row 010 for the period 31 December 2019);

C = the proportion of total variable amount for category A1 relevant to this sub-category A1a.

The values of S, G and C relevant to their levy calculations will be communicated directly by the Central Bank to each credit institution.


[1] For credit institutions whose year-end is October, data for the period 31 October 2019 will be used.

A1b – Irish authorised Credit Institutions that are outside the scope of sub-category A1a

Each credit institution in this sub-category shall be liable to pay a levy contribution consisting of the sum of a minimum amount and a variable amount.

Minimum amount:                     €133,683

Variable amount

The variable amount (V) is calculated as follows:

                                                                V = ((S+G) * 50%) * C

Where:              

S = the credit institution’s percentage share of the sum of total assets  for category A1 (based on the credit institution’s report in FINREP template F01.01 row 380 for the period 31 December 2019[1]);

G = the credit institution’s percentage share of the sum of total risk exposure for category A1 (based on the credit institution’s report in COREP template C02.00 row 010 for the period 31 December 2019);

C = the proportion of total variable amount for category A1 relevant to this sub-category A1b.

The values of S, G and C relevant to their levy calculations will be communicated directly by the Central Bank to each credit institution.


[1] For credit institutions whose year-end is October, data for the period 31 October 2019 will be used.

Category A2

A2 - Credit Institutions authorised in another EEA state operating in Ireland on a branch basis

Credit institutions authorised in another EEA state operating in Ireland on a branch basis are obliged to pay a flat rate levy of €25,000.

A3 - Credit institutions authorised in another EEA state operating in Ireland on a cross border basis

Credit institutions authorised in another EEA state operating in Ireland on a cross border basis are obliged to pay a flat rate levy of €25,000.  No levy notice will be issued.

Credit Institutions – Supplementary levies

Credit institutions (where appropriate) will continue to be liable to pay supplementary levies to the Central Bank for the purposes of providing sufficient funds to recover costs arising from :

  1. the conduct of inquiries and investigations under Part IIIC of the Central Bank 1942;
  2. tracker mortgage examination, investigation and related issues; and
  3. significant changes to business models and/or activities

These supplementary levies will be set out in separate levy invoices sent to relevant credit institutions
Click here to read more on the annual levying process