Dáil Éireann Debate, Tuesday - 17 April 2018
223. Deputy Michael McGrath asked the Minister for Finance the amount of dividends received by the State from banks (detail supplied) in 2017; the amount scheduled to be received in 2018; and if he will make a statement on the matter. [15165/18]
Amharc ar fhreagraAs the Deputy is aware in 2017 AIB paid a dividend of €250m to the State in respect of the financial year 2016. As part of its recent annual results for 2017 the bank proposed a dividend of €326m of which the State will receive €231m (71%) if approved by shareholders at the forthcoming AGM on 25 April 2018.
In the case of Bank of Ireland the bank has proposed a dividend of €124m as part of its recent results announcement for the year ended 31 December 2017. The State will receive c. €17m if the proposed dividend is approved by shareholders at the forthcoming AGM on 20 April 2018.
