Oireachtas Joint and Select Committees

Thursday, 10 September 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

Yes, I think the inquiry probably has that information already because it was provided in a number of PQs and the PQs were available to the inquiry, but I'll provide it again if the inquiry think they don't have that information.

On a general comment, you know, there were fees paid on the guarantee, for example. The much maligned guarantee was given to banks but they have to pay fees on it. So, the accumulated fees come to quite an amount of money.

Irish Life was sold, for example, and a lot of money came in. The contingent capital that was put into Bank of Ireland, known as CoCos, that was realised for ... I don't know ... about €1.5 billion or €1.7 billion or something like that. So, I mean, I stand over the cumulative figure, but like yourself, I don't have the breakdown for you now. The breakdown is available and I certainly will provide it.

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