Oireachtas Joint and Select Committees
Thursday, 12 July 2018
Public Accounts Committee
2016 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 23: Accounts of the National Treasury Management Agency
National Treasury Management Agency: Financial Statements 2017
9:00 am
Mr. Conor O'Kelly:
No. The NPRF was used to recapitalise the banks and what was left at the end became the Irish Strategic Investment Fund. It was not as much as €8.9 billion, which it is today. It was closer to €5 billion at its original set up. Dividends from the banks go into the ISIF and the investment returns that the ISIF have made to date, which is as I pointed out earlier around 640-----
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