Michael McGrath
Question:86. Deputy Michael McGrath asked the Minister for Finance the current value of the State's investments in AIB, Bank of Ireland and Permanent TSB; and if he will make a statement on the matter. [7327/14]
View answerThursday, 13 February 2014
Questions (86)
Written answers
I can confirm for the Deputy the following in relation to the current valuation of the State's remaining investments in AIB, Bank of Ireland and Permanent tsb.
|
Bank |
Investment |
Valuation |
Source |
|
Allied Irish Banks |
Equity |
€6.5bn |
NPRF |
|
- |
Preference Shares |
€3.5bn |
NPRF |
|
- |
Contingent capital (CoCo) |
€1.6bn |
Par redemption value |
|
Bank of Ireland |
Equity |
€1.35bn |
Current market price |
|
Permanent tsb |
Contingent capital (CoCo) |
€0.4bn |
Par redemption value |
In addition to its investment in the CoCo, the State also has invested €2.3bn in Permanent tsb equity. The State holds this investment at the investment value in the Finance Accounts. No recent independent valuation has been commissioned, nor is such an independent valuation required for the Finance Accounts.