I propose to take Questions Nos. 103 and 104 together.
In March 2011, the Exchequer provided a combined €3.06 billion to Anglo Irish Bank and INBS, representing the first instalment of the Promissory Notes committed to those institutions in 2010.
In June 2011, the Exchequer provided €25 million to EBS, representing the first instalment of the Promissory Note committed to that institution in 2010.
In 2011, at the direction of the Minister, the NPRF liquidated assets in order to set aside €10 billion in cash to meet the Fund's proposed contribution to the EU/IMF Programme of Financial Support for Ireland.
In July 2011, at the direction of the Minister, the NPRF invested the above mentioned €10 billion, €8,771 million in Allied Irish Banks and €1,229 million in Bank of Ireland.
€1,051m of the Fund's investment in Bank of Ireland was recouped from the sale of a portion of the investment to private investors. The proceeds from the sale (€1,017 net of transaction fees) are to be transferred to the Exchequer at the direction of the Minister for Finance, €233m was transferred in August. A second and final transfer of €784m is due to be made this month.
In July 2011 the Exchequer injected €3.883bn into AIB and EBS, of which €1.6bn was in the form of contingent capital and €2.283bn via capital contributions.
The Exchequer also injected €985m (net of expenses) of contingent capital into BoI (July 2011).
In July, the Exchequer provided €2.3bn of equity to IL&P, with an additional €0.4bn injected in the form of contingent capital (€2.7bn in total).