Oireachtas Joint and Select Committees

Wednesday, 18 November 2015

Committee on Finance, Public Expenditure and Reform: Select Sub-Committee on Finance

Finance Bill 2015: Committee Stage (Resumed)

11:00 am

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

In general terms, the Bank of Ireland is a publicly quoted company. The State has 14% of its shares and private investors have the rest. The shares trade every day on the Dublin Stock Exchange and, more significantly, on the London Stock Exchange. Like any publicly quoted share, the shares rise and fall. I saw a reference to the transaction the Deputy referred to in the newspapers and the matter was also a subject of a parliamentary question. I do not have the text of the reply and will not try to summarise it as it was quite technical. I believe the information I got from the Central Bank adequately covered the situation. I refer the Deputy to the relevant parliamentary reply and if she wishes to submit a supplementary question to adduce more information, I will do my best to provide her with the information she requires.

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