Oireachtas Joint and Select Committees

Thursday, 30 June 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Estimates for Public Services 2016
Vote 7 - Office of the Minister of Finance (Revised)
Vote 8 - Office of the Comptroller and Auditor General (Revised)
Vote 9 - Office of the Revenue Commissioners (Revised)
Vote 10 - Office of the Appeal Commissioners (Revised)

9:00 am

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

What impact will Brexit have on the State's strategy regarding its shareholdings in the banks? The Revised Estimates for Public Services for 2016, under the heading Banking and Financial Services Policy, include the following output target: "Prepare for/execute AIB sale subject to Government decision. Continue to explore further State investment disposals". Could the Minister clarify his strategy regarding the possible sale of a stake in AIB, the 14% we continue to own in Bank of Ireland and his thinking regarding Permanent TSB?

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