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

The position of the Government in regard to the State's shareholdings in the banking sector is very clear. These were investments the State had to make during the banking crisis, and it is the Government's intention that the State will exit these investments in a measured and careful manner. I have been clear in stating that my primary objective in the disposal of these assets will be recovering the maximum amount of money for the Irish taxpayer.

Clearly, in order for us to proceed with the sale of any of our banking assets, we would need to be satisfied that the market is prepared. I have outlined much of the detail of the preparatory work we have already done. The next date of interest from my perspective is next Thursday when AIB's annual returns will be published. That will give the Deputy a reasonable insight into whether we could proceed or not and also into values. AIB has already returned significant amounts of money to the taxpayer and I am sure the Deputy is aware of that also.

See this speech in context