Written answers
Tuesday, 27 January 2015
Department of Finance
State Banking Sector
Michael 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]
Michael 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 | Transaction | Total proceedsincluding accrued interest/dividend |
---|---|---|---|
2012 no disposals | |||
January 2013 | Bank of Ireland | Sale of convertible contingent capital notes (CoCos) | €1.06bn |
July 2013 | Permanent 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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