Following is the information requested by the Deputy.
Capitalisation of Credit Institutions
Credit Institution
|
Cost of Share Acquisition
|
Cost of Preference Shares
|
Value of Promissory Notes Issued
|
Capital Provided to 31 December 2010
|
Additional CT1 required by Central Bank
|
|
€bn
|
€bn
|
€bn
|
€bn
|
€bn
|
Anglo Irish Bank
|
4.000
|
—
|
25.28
|
29.280
|
—
|
Allied Irish Banks
|
3.700
|
3.50
|
—
|
7.200
|
6.065
|
Bank of Ireland
|
1.700
|
1.80
|
—
|
3.500
|
2.199
|
Irish Nationwide Building Society
|
0.100
|
—
|
5.30
|
5.400
|
—
|
EBS Building Society
|
0.625
|
—
|
0.25
|
0.875
|
0.438
|
Total
|
10.100
|
5.30
|
30.80
|
46.300
|
8.700
|
*Cash received on cancellation of Warrants.
The table above sets out the amount of capital injected by the State into the Irish Banking System to date. The Central Bank has set out the further capital that will be required by AIB, BOI and EBS in order for them to meet a 12% core tier 1 ratio by the end of February 2011 as agreed in the Programme for Financial Support with the IMF, EU and the ECB.
The State remains committed to meeting this capital requirement to the extent that it cannot be met from other sources.