Éamon Ó Cuív (Galway West, Fianna Fail)
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Question 69: To ask the Minister for Finance the amount of money lent or invested by the Exchequer in the guaranteed financial institutions and National Asset Management Agency broken down institution by institution on a year by year basis since 1 January 2008; and if he will make a statement on the matter. [16960/11]

Éamon Ó Cuív (Galway West, Fianna Fail)
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Question 70: To ask the Minister for Finance the amount of money lent or invested by the National Pensions Reserve Fund in the guaranteed financial institutions and National Asset Management Agency broken down institution by institution since 1 January 2008 on a year to year basis; and if he will make a statement on the matter. [16961/11]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 69 and 70 together.

In 2009, the Exchequer funded a €4 billion capital injection into Anglo Irish Bank. In 2010, €30.85 billion was committed to Anglo Irish Bank, Irish Nationwide Building Society (INBS) and Educational Building Society (EBS) by way of Promissory Notes but there was no Exchequer expenditure associated with these Promissory Notes in 2010.

In 2010, the Exchequer provided €625 million to EBS and €100 million to INBS by way of special investment shares. This method of investment gave the State extensive powers and full economic ownership of the two building societies.

In March 2011, the Exchequer provided a combined €3.06 billion to Anglo Irish Bank and INBS, representing the first instalment of the Promissory Notes committed to those institutions in 2010.

In June 2011, the Exchequer will provide €25 million to EBS, representing the first instalment of the Promissory Note committed to that institution in 2010.

In relation to NAMA, in 2010 the Exchequer provided NAMA with two loans totalling €299 million, €250 million of which was to provide working capital to NAMA and €49 million of which was used to inject ordinary equity into the NAMA special purpose vehicle. The €250 million loan was repaid in 2010 while the €49 million loan was repaid in early 2011.

In relation to the National Pensions Reserve Fund (NPRF), in May 2008, the Fund invested €191 million in AIB subordinated debt. In July 2008, it invested €44 million in Bank of Ireland subordinated debt (this investment has been exchanged for senior debt of Bank of Ireland which matures in January 2012). In the same month, it invested €200 million in Irish Life & Permanent mortgage-backed debt (maturing in July 2011).

Following the frontloading of the 2009 and 2010 Exchequer contributions to the Fund, the NPRF invested €3.5 billion each in Bank of Ireland (in March 2009) and Allied Irish Banks (in May 2009) at the direction of the Minister for Finance.

In 2010, the NPRF, at the direction of the Minster for Finance, participated in a share placement and rights issue as part of a capital raising announced by Bank of Ireland. This involved the conversion of a portion of its 2009 preference share investment into ordinary shares, the repurchase by the bank of warrants issued in conjunction with the 2009 preference shares and transaction fees.

In 2010 also, the NPRF injected a further €3.7 billion in capital into AIB.

In 2011, at the direction of the Minister, the NPRF liquidated assets in order to set aside €10 billion in cash to meet the Fund's proposed contribution to the EU/IMF Programme of Financial Support for Ireland.

Éamon Ó Cuív (Galway West, Fianna Fail)
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Question 71: To ask the Minister for Finance the amount of money paid by the guaranteed financial institutions and the National Asset Management Agency to the Exchequer and the National Pensions Reserve Fund, respectively, by way of payment for the guarantee or interest or dividend on shares in each year since 1 January 2008; and if he will make a statement on the matter. [16962/11]

Michael Noonan (Limerick City, Fine Gael)
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The sum of €1,932,370,435 has been paid into the Exchequer in respect of all fees and interest accumulated under Credit Institutions (Financial Support) Scheme (CIFS) and the Eligible Liabilities Guarantee Scheme 2009. Bank of Ireland paid €214.5 million to the NPRF in February 2011 in respect of a divided on the State's remaining preference shares, no payment was made in 2010 due to the dividend stoppers.

NAMA is not a covered institution under the terms of the ELG Scheme and does not benefit from a guaranteed under the Scheme. Neither does it remit interest or dividends to the Exchequer.