Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
11:20 am
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
I would like to move on to another area, the banks. The gross investment by the NTMA in the two banks currently is €20.6 billion. This is a staggering amount - almost two thirds of our tax take. Am I correct that the NTMA values the fallen investment currently at approximately €6 billion? This is an approximate 71% fall in the overall investment - €14.6 billion of a fall. Can Mr. Corrigan give me the breakdown between the gross investment in AIB and Bank of Ireland and what he regards as their net value to 31 October? What future does Mr. Corrigan envisage in terms of the value of that particular investment?
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