Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I have given the values as estimated by independent valuers. Since the valuations were made at the end of 2013, the bank's position has improved in terms of both profit and market share. Things are going quite well for AIB. It is hard to say exactly what it is worth, but I believe, as does the CEO of the bank, that taxpayers will get all their money back in due course, although it is difficult to say over what period of time.

No firm decisions have been made about the sale of AIB or a minority shareholding in AIB. We will do the preparatory work first, and then there may be a possibility of a sale towards the back end of 2015 or in the course of 2016. We do not have an agreed timeframe for that. We will appoint an advisor, take the advice, reconfigure the bank's shares and move on then. There are issues such as the preference shares and CoCos that must be dealt with, as well as the normal equity. There is a series of issues on which we need to take advice and to make decisions, but we are not rushing it.

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