Dáil Éireann Debate, Tuesday - 28 January 2014
216. Deputy Michael McGrath asked the Minister for Finance if he will set out, in tabular form and by institution, the proceeds from the disposal of investments in the State-supported banks in each year since 2010; and if he will make a statement on the matter. [4169/14]
Amharc ar fhreagraI can confirm to the Deputy that, since the State first invested in the banks, the following disposals have been made:
|
Date of disposal |
Bank |
Transaction |
Total proceeds - including accrued interest/dividend |
|
April 2010 |
Bank of Ireland |
Cancellation of preference share warrants |
€491m |
|
December 2010 |
Allied Irish Banks |
Cancellation of preference share warrants |
€53m* |
|
August 2011 |
Bank of Ireland |
Sale of equity shares |
€0.24bn |
|
October 2011 |
Bank of Ireland |
Sale of equity shares |
€0.81bn |
|
2012 - no disposals |
|||
|
January 2013 |
Bank of Ireland |
Sale of convertible contingent capital note (CoCo) |
€1.06bn |
|
July 2013 |
permanent tsb |
Sale of Irish Life |
€1.34bn |
|
December 2013 |
Bank of Ireland |
Sale/redemption of preference shares |
€2.05bn |
* These proceeds were netted off in calculating the State's recapitalisation investment.
