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Banking Sector Issues

Dáil Éireann Debate, Tuesday - 30 April 2013

Tuesday, 30 April 2013

Questions (172)

Pearse Doherty

Question:

172. Deputy Pearse Doherty asked the Minister for Finance further to Parliamentary Question No. 240 of 16 April 2013, if he will provide a reconciliation between the €3.2 billion, which now takes the form of our remaining 15% equity stake and preference shares with a nominal value of €1.8 billion, and the net cash position of nearer €1.1 billion showing coupons, dividends and ELG fees received by year. [20036/13]

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Written answers

I submit the table showing the reconciliation between the net €3.2bn investment position in Bank of Ireland and the net cash position taking into account ELG fees recently received (Q4 2012) and the preference coupon received in February 2013.

Bank of Ireland – Reconciliation of State’s net cash position

-

€bn

Net Investment Position

Adjustments to get an overall “net cashflow” position

CIFS/ELG fees to Q4 2012

3.2

-1.3

All transaction fees received

-0.1

Preference coupons in cash (inc. Feb. 2013)

-0.6

Coco coupon (year to July 2012 and last five months of 2012

-0.1

Estimate of net cashflow position with BOI

1.0

Please note figures are rounded to their nearest hundred million.

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