Andrew Doyle (Wicklow, Fine Gael)
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152. To ask the Minister for Finance the percentage sharehold that the Government has in the Bank of Ireland; and if he will make a statement on the matter. [37016/13]

Michael Noonan (Limerick City, Fine Gael)
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As stated in the published financial statements of Bank of Ireland as at 30 June, 2013 (page 96), the State holds 15.13% of the Ordinary Stock of Bank of Ireland. There has been no change to the State’s holding of the ordinary stock in Bank of Ireland since the recapitalisation of the bank and the associated disposal to a consortium of investors, in 2011. As of September 9th 2013, the shares were valued at 23.5c per share, putting a total value of €1,060m on the State’s equity investment. This represents an increase of 106% year to date and reflects the market’s response to the substantial progress the bank has made in returning itself to profitability.