Seán Fleming (Laois-Offaly, Fianna Fail)
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On the investment by the taxpayer in Bank of Ireland in particular, it was mentioned that it was €4.8 billion, but approximately €1 billion has been paid off and the State is receiving an interest rate of 10%, which is a high rate, on most of the remaining investment. I estimate that approximately 5% of the €64 billion that has been put into the banking sector in this country has gone to Bank of Ireland – currently a maximum of approximately €4 billion at this stage. What was the maximum shareholding the State had in Bank of Ireland? The current percentage is 15%. Does Mr. Considine expect the percentage to reduce further?