I can confirm to the Deputy that, since the State first invested in the banks, the following disposals have been made:
Date of disposal
|
Bank
|
Transaction
|
Total proceeds - including accrued interest/dividend
|
April 2010
|
Bank of Ireland
|
Cancellation of preference share warrants
|
€491m
|
December 2010
|
Allied Irish Banks
|
Cancellation of preference share warrants
|
€53m*
|
August 2011
|
Bank of Ireland
|
Sale of equity shares
|
€0.24bn
|
October 2011
|
Bank of Ireland
|
Sale of equity shares
|
€0.81bn
|
2012 - no disposals
|
|
|
|
January 2013
|
Bank of Ireland
|
Sale of convertible contingent capital note (CoCo)
|
€1.06bn
|
July 2013
|
permanent tsb
|
Sale of Irish Life
|
€1.34bn
|
December 2013
|
Bank of Ireland
|
Sale/redemption of preference shares
|
€2.05bn
|
* These proceeds were netted off in calculating the State's recapitalisation investment.