Oireachtas Joint and Select Committees

Tuesday, 4 July 2017

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Asian Infrastructure Investment Bank Bill 2017: Committee Stage

2:30 pm

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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There is, in the sense that it is calculated relative to country's share of the bank overall. I will first explain how our share is calculated. Our shareholding is calculated based on the remaining unallocated capital in the bank and an applicant's GDP share relative to non-regional banks in this round of applications. An initial estimate of our percentage shareholding suggests it will be in the region of 0.14% of the total value of the bank.