Dáil Éireann Debate, Tuesday - 2 February 2016
188. Deputy Michael McGrath asked the Minister for Finance the amount of the surplus generated by the Central Bank of Ireland, of the surplus in each of the years 2013 to 2015, inclusive, that relates to capital gains on the sale of Irish Government bonds held as a result of the promissory note deal; and if he will make a statement on the matter. [4450/16]
View answerI am advised by the Central Bank that the capital gains arising from the disposal of Irish Government Bonds held as a result of the promissory note transaction in 2013 and 2014 amounted to €0.2m in 2013 and €717.9m in 2014. These capital gains contributed to the Central Bank's overall surplus.
I am advised that the draft 2015 capital gains arising from the disposal of Irish Government Bonds held as a result of the promissory note transaction was €1,073.1m. However, this figure remains subject to the completion of the Central Bank's year end accounts and the related audit process.
