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State Banking Sector

Dáil Éireann Debate, Wednesday - 13 May 2020

Wednesday, 13 May 2020

Questions (62)

Michael McGrath

Question:

62. Deputy Michael McGrath asked the Minister for Finance the value of the shareholding of the State in each of the State-supported banks since 2016 in six month intervals and in the case of a bank (details supplied) including the last sale of shares to the market in tabular form; and if he will make a statement on the matter. [4292/20]

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Written answers

The information requested by the Deputy is set out in the following table.

AIB

AIB

Bank of Ireland

Bank of Ireland

PTSB

PTSB

Date

Share Price

Value of Shareholding €M (c. 71% of total shares following IPO)

Share Price

Value of Shareholding €M (C. 14% of total shares)

Share Price

Value of Shareholding €M (c. 75% of total shares)

08/05/2020

1.085

2094

1.64

247

0.48

163.5

02/01/2020

3.216

6208

5.01

754

1.12

381.5

03/06/2019

3.664

7073

4.74

713

1.35

459.9

02/01/2019

3.644

7034

4.87

733

1.66

565.5

01/06/2018

4.85

9362

7.26

1092

1.79

609.8

02/01/2018

5.46

10540

7.19

1082

2.28

776.7

01/06/2017

n/a*

n/a*

7.20

1083

2.80

953.8

03/01/2017

n/a*

n/a*

7.50

1128

2.81

959.3

01/06/2016

n/a*

n/a*

7.83

1177

2.09

712.3

* AIB only returned to the Dublin and London stock exchanges on 23 June 2017 following IPO.

The last sale of shares in AIB took place during the IPO in late June, 2017. It resulted in the sale of 28.75% of the banks ordinary shares and recouped €3.4 billion for the Irish exchequer. The State now retains c. 71% of the bank’s Ordinary Shares.

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