As requested by the Deputy, the tables below provide details of proceeds received from the sale of bank assets to date and the current valuation of our remaining bank assets:
1. Sale of bank assets
Date
|
Bank
|
Transaction
|
Proceeds including accrued interest/dividend
|
April 2010
|
Bank of Ireland
|
Cancellation of preference share warrants
|
€0.49bn
|
December 2010
|
AIB
|
Cancellation of preference share warrants
|
€0.05bn
|
August 2011
|
Bank of Ireland
|
Sale of equity
|
€0.24bn
|
December 2011
|
Bank of Ireland
|
Sale of equity
|
€0.81bn
|
January 2013
|
Bank of Ireland
|
Sale of convertible capital notes
|
€1.06bn
|
July 2013
|
Permanent TSB
|
Sale of Irish Life
|
€1.34bn
|
December 2013
|
Bank of Ireland
|
Sale/redemption of preference shares
|
€2.05bn
|
May 2015
|
Permanent TSB
|
Buy-back of convertible capital notes
|
€0.44bn
|
May 2015
|
Permanent TSB
|
Sale of equity
|
€0.10bn
|
Total proceeds from sale of bank assets
|
|
|
€6.58bn
|
2. Current valuation of remaining bank assets
Bank
|
Valuation
|
Source of valuation
|
AIB
Equity/preference shares
Cocos
|
€11.7bn
€1.6bn
€13.3bn
|
Most recent ISIF valuation
Valued at par
|
BOI - equity
|
€1.6bn
|
ISE 16th September 2015
|
PTSB equity
|
€1.6bn
|
ISE 16th September 2015
|
Total value of bank assets
|
€16.5bn
|
|
Finally, I can confirm for the Deputy that the total fees received to date from CIFS and ELG is €4.4 billion.