Michael McGrath
Question:80. Deputy Michael McGrath asked the Minister for Finance the valuation placed on the State's banking assets; and if he will make a statement on the matter. [44651/15]
View answerThursday, 10 December 2015
Questions (80)
Written answers
As requested by the Deputy, the current valuation of the State's remaining investments in the banks is set out in the following table:
|
Bank/investment |
€bn |
Source of valuation |
|
AIB - Equity/preference shares
|
€13.4bn |
Equity valuation of €11.7bn as agreed between the Minister and AIB as part of the bank's capital reorganisation. In addition, the valuation includes €1.7bn representing the redemption of the remaining preference shares due to complete in the coming weeks. |
|
AIB - CoCo |
€1.6bn |
At par |
|
BOI - Equity |
€1.5bn |
Based on the Irish Stock Exchange closing price on 4 December 2015 |
|
PTSB |
€1.5bn |
Based on the Irish Stock Exchange closing price on 4 December 2015 |
|
Total current valuations |
€18.0bn |