Oireachtas Joint and Select Committees

Thursday, 5 May 2022

Public Accounts Committee

2020 Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Finance
2020 Report on the Accounts of the Public Services of the Comptroller and Auditor General
Chapter 1 - Exchequer Financial Outturn for 2020
Chapter 16 - Ireland Apple Escrow Fund
Audited Financial Statements of the Exchequer for 2020

9:30 am

Photo of Colm BurkeColm Burke (Cork North Central, Fine Gael) | Oireachtas source

I thank our guests for presenting their reports and dealing with our queries. Turning to the issue of the State's holdings in the various financial institutions, I understand that more AIB shares are being offloaded by the State. It was also announced before Christmas that the State would offload approximately 15% of its holdings over time. Regarding the cost to the State on day one and the potential return over the next three years, has the Department examined this aspect for Permanent TSB and AIB? In the context of the uncertainty of the market now, is a plan set out in this regard? I ask the witnesses to outline where we are with trying to recoup some of the moneys put in some ten or 12 years ago.

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