Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Photo of Alan DillonAlan Dillon (Mayo, Fine Gael) | Oireachtas source

I welcome our guests. They referred to losses incurred by the Irish Strategic Investment Fund. At the end of December 2020, the ISIF had net assets of €12.7 billion, while in 2019, the figure was €15 billion. That amounts to a decrease of €3 billion in the directed investment portfolio, from €7 billion to €4 billion. Our guests stated that is due to a decline in the market value of AIB and Bank of Ireland shares. In respect of the directed investment portfolio, how many AIB and Bank of Ireland shares are held by the State and what is their current value?

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