Tuesday, 1 December 2015

Ceisteanna (198)

Joanna Tuffy


198. Deputy Joanna Tuffy asked the Minister for Finance the levies paid by the banks to the State, following the bank guarantee and recapitalisation, and the funds recouped by the State from these banks through the re-sale of shares or other assets; and if he will make a statement on the matter. [42579/15]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

I can confirm for the Deputy that the following amounts have been received since the bank liability guarantee scheme and bank recapitalisation measures were taken:

Disposal of banking investments - €5.5bn

Income from banking investments - €1.8bn

Fees from bank liability guarantee schemes - CIFS/ELG - €4.4bn*

In addition to these amounts, which are directly related to banking stabilisation measures, a total of €125m was received in both 2014 and 2015 from AIB, BOI and PTSB, arising from the bank levy introduced in Finance Act 2014. Finally the State expects to receive another €1.64bn approximately from the recently announced capital reorganisation at AIB when this is complete.

*CIFS/ELG fees include €0.5bn from IBRC.