Mairéad Farrell
Question:246. Deputy Mairéad Farrell asked the Minister for Finance the size of the State's current shareholdings in each of the banks; and the current market value of these shareholdings in tabular form. [10916/22]
View answerTuesday, 1 March 2022
Questions (246)
Written answers
As the Deputy may be aware, during 2021, I announced that the State would commence selling its shareholding in AIB and Bank of Ireland through separate pre-arranged trading plans. Updates on the shareholdings in AIB and Bank of Ireland are disclosed to the market each time the shareholding falls through a percentage point threshold as is required by the Stock Exchange and investment regulations. Therefore the exact shareholding in these banks today cannot be disclosed as it could be detrimental to maximising value from our shares.
The following table gives a range for Allied Irish Banks and Bank of Ireland which may be as assistance to the Deputy.
|
Bank |
State's Current Shareholding |
Current Market Value of State's Shareholding (based on closing price on 24/2/2022) €m |
|
AIB |
between 70%-71% |
4,427.2 - 4,490.4 |
|
Bank of Ireland |
between 5%-6% |
298.3 - 357.9 |
|
Permanent TSB |
74.92% |
534.8 |