Written answers

Tuesday, 27 January 2015

Department of Finance

State Banking Sector

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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197. To ask the Minister for Finance if he will provide in tabular form the proceeds by institution from the disposal of investments in the State supported banks in each year since 2012; and if he will make a statement on the matter. [3414/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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In response to the Deputy's question, the following table details of the proceeds from the sale of the State's investments in the banks since 2012:

Details of the proceeds from the sale of the State's investments in the banks since 2012

Date of disposal

Bank

TransactionTotal proceedsincluding accrued interest/dividend
2012 no disposals



January 2013

Bank of Ireland

Sale of convertible contingent capital notes (CoCos)
€1.06bn
July 2013Permanent tsb

Sale of Irish Life
€1.34bn
December 2013

Bank of Ireland

Sale/redemption of preference shares

€2.05bn
2014 and 2015 to dateno disposals

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