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Central Bank of Ireland Transactions

Dáil Éireann Debate, Tuesday - 2 February 2016

Tuesday, 2 February 2016

Questions (187)

Michael McGrath

Question:

187. Deputy Michael McGrath asked the Minister for Finance the amount of surplus generated by the Central Bank of Ireland, of the surplus in each of the years 2013 to 2015, inclusive, that relates to interest on Irish Government bonds held as a result of the promissory note deal; and if he will make a statement on the matter. [4449/16]

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Written answers

I am advised by the Central Bank that the portion of interest income relating to the Irish Government Bonds held as a result of the promissory note transaction which contributed to the Bank's overall surplus in 2013 and 2014 was €817.1m in 2013 and €859.4m in 2014.

I am advised that the draft 2015 interest income earned relating to the Irish Government Bonds held as a result of the promissory note transaction was €669.9m.  However, this figure remains subject to the completion of the Central Bank's year end accounts and the related audit process.

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