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Central Bank of Ireland

Dáil Éireann Debate, Tuesday - 21 May 2013

Tuesday, 21 May 2013

Ceisteanna (274)

Pearse Doherty

Ceist:

274. Deputy Pearse Doherty asked the Minister for Finance if he will detail in tabular form the total profits from the Central Bank of Ireland paid to the Exchequer on an annual basis between 2000 and to date; if he will confirm on what calendar date in the year are the profits of the Central Bank of Ireland after earnings paid to the Exchequer; and if he will make a statement on the matter. [24262/13]

Amharc ar fhreagra

Freagraí scríofa

The Central Bank is required to pay its surplus income in respect of the preceding year to the Exchequer each year. The Bank makes the payment once the audit of its Annual Accounts for the previous year has been completed and the Annual Report and Annual Performance Statement has been published. In 2013, the payment was made in early May. The Central Bank has made the following payments to the Exchequer since 2000:

Paid In

Amount - €000

2013

€1,147,628

2012

€958,343

2011

€671,029

2010

€704,866

2009

€290,055

2008

€192,814

2007

€98,496

2006

€109,181

2005

€103,021

2004

€321,726

2003

€583,719

2002

€770,639*

2001

€451,303

* Figure includes an exceptional gain of €240 million made by the Bank in 2002 from the non-redemption of Irish pound notes in the context of the changeover to the Euro. This was treated as an exceptional item to be paid over to the Exchequer immediately that year.

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