Oireachtas Joint and Select Committees
Thursday, 22 November 2012
Public Accounts Committee
2011 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 2 - Government Debt
Chapter 4 - National Pensions Reserve Fund
Chapter 25 - Accounts of the National Treasury Management Agency
National Treasury Management Agency - Financial Statements 2011
National Pensions Reserve Fund Commission - Financial Statements 2011
12:00 pm
Mr. John Corrigan:
Yes. If we were to sell all or part of our interests in the pillar banks, this would reduce the debt-to-GDP ratio. I do not wish to speculate but the key issue is the price those shares would achieve. As those banks reform and refocus their businesses, they will become more profitable and obviously the price will improve. In any sale negotiations, a key issue is to what extent that would be reflected in the share price.