Dáil Éireann Debate, Thursday - 26 June 2014
73. Deputy Michael McGrath asked the Minister for Finance if an independent valuation of the State’s holding in AIB has been carried out for the National Pensions Reserve Fund; and if he will make a statement on the matter. [27785/14]
View answerAs the Deputy will be aware the NPRFC undertook an independent valuation exercise for the remaining bank investments in the directed portfolio at the end of December 2013. This valuation included the State's holdings in AIB which were valued at circa. €10bn comprising ordinary shares (€6.5bn) and preference shares (€3.5bn). Separately the Minister holds directly a €1.6bn investment in Contingent Capital Notes. Further information on the valuation will be available in the 2013 NPRFC annual report when it is published.
