Dáil Éireann Debate, Thursday - 9 September 2021
192. Deputy Pearse Doherty asked the Minister for Finance the total invested by the State and the cash received to date in disposals, redemptions and coupons, dividends and fees; the net cash position and valuation of remaining investment; and the net position at the end of July 2021 in banks (details supplied) in tabular form. [42018/21]
View answerAs requested by the Deputy, the table below sets out the cumulative position in relation to the State’s investment in AIB and PTSB as at end-July.
On the 23rd June, I announced my intention to sell part of the State’s 13.9% shareholding in Bank of Ireland by way of a trading plan. At the same time, I confirmed that I was limited in the amount of detail I could disclose in relation to the plan as it would be detrimental to maximising value for the taxpayer. The number of shares sold, the average price achieved and the cash generated will be disclosed once the plan has been completed. Accordingly, the position in the table for BOI is at 22nd June, the day before the announcement was made.
Table: Summary of State investments
|
- |
AIB* |
PTSB* |
|
BOI** |
|
|
€m |
€m |
|
€m |
|
|
|
|
|
|
|
Gross invested |
20,751 |
3,954 |
|
4,667 |
|
|
|
|
|
|
|
Sale/redemption proceeds - including accrued int |
7,112 |
1,891 |
|
3,597 |
|
|
|
|
|
|
|
Investment income |
1,728 |
120 |
|
784 |
|
|
|
|
|
|
|
CIFS/ELG - net |
1,783 |
669 |
|
1,547 |
|
|
|
|
|
|
|
Net cash position - In/(out) |
(10,128) |
(1,274) |
|
1,261 |
|
|
|
|
|
|
|
Market value of equity stakes |
3,999 |
497 |
|
676 |
|
|
|
|
|
|
|
Net position - including valuations |
(6,130) |
(777) |
|
1,937 |
*Position for AIB and PTSB as at end-July 2021.
** Position for BOI as at 22 June 2021.
