Central Bank governor Patrick Honohan told the Oireachtas banking inquiry on Thursday that Irish authorities were approached for aid from a large German bank in the IFSC at the height of the financial crisis.
Mr Honohan said Depfa’s request for assistance was rightly turned down.
Documents released to The Irish Times under Freedom of Information (FoI) show Depfa's asset-covered-securities (ACS) bank being described as an "orphan" because it was neither covered by the German authorities nor the Irish Government through the guarantee.