Dáil debates

Tuesday, 20 January 2015

4:05 pm

Photo of Enda KennyEnda Kenny (Mayo, Fine Gael) | Oireachtas source

What we have tried to do and what we are trying to do is make choices in the best interests of the taxpayer to recover all the money that has been paid into the banks by this Government since it came to office. Deputy Adams will be aware that the State has earned returns of €10 billion from the banking sector. A total of €5.4 billion in income has come from the guarantees, fees and capital investment, while €5 billion has come from the sale of investments in Bank of Ireland preference shares and the sale of Irish Life. The Minister for Finance, Deputy Noonan, has carried out an examination on the potential in respect of receipt of income back to the taxpayer from AIB. As Deputy Adams is aware, from a process of interested competent people, Goldman Sachs, on a pro bono basis, is carrying out that initial survey.

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