Oireachtas Joint and Select Committees

Wednesday, 7 July 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Scheme of the Finance (Local Property Tax) (Amendment) Bill 2021: Discussion

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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The Minister knows our view on the timing of the sale of Bank of Ireland shares. Why did he decide to sell the shares now and not in 2017 when the share price was worth approximately €500 million more than today? Banks made a loss in the recent period but the economy is recovering and banks will recover too. Why has the Minister decided to sell shares now as opposed to 2017 when they were valued by the State at close to €500 million more than they are currently?