Dáil Éireann Debate, Tuesday - 15 July 2014
164. Deputy Michael McGrath asked the Minister for Finance the proceeds that the State has received to date from the disposal of bank assets acquired in each institution as part of the recapitalisation process; and if he will make a statement on the matter. [30782/14]
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
