Joanna Tuffy (Dublin Mid West, Labour)
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231. To ask the Minister for Finance if he will provide an update on the losses for subordinated and junior bondholders since 2008; and if he will make a statement on the matter. [30409/15]

Michael Noonan (Limerick City, Fine Gael)
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In the period since 2008, significant burden-sharing has been achieved with subordinated/junior bondholders through Liability Management Exercise (LME) transactions completed by the Covered Banks. The purpose of the LMEs was to create additional core tier 1 capital and to strengthen the quality of the capital base of the Banks.

Prior to the Central Bank's PCAR, burden sharing with subordinated bondholders raised c. €10 billion of capital gains across the Covered Institutions. In the period since this Government came into power, burden sharing with subordinated bondholders has realised an additional c. €5.2 billion greatly reducing the cost of recapitalising the banks and bringing the total to more than €15 billion.

The table sets out the amount of capital raised by the Covered Banks via LME's since the banking crisis began.

Joanna Tuffy (Dublin Mid West, Labour)
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232. To ask the Minister for Finance if he will provide an update on all levies paid by the banks to the State, following the bank guarantee and recapitalisation, and all funds recouped by the State in respect of the banks concerned, from re-sales of shares and so on; and if he will make a statement on the matter. [30410/15]

Michael Noonan (Limerick City, Fine Gael)
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As requested by the Deputy, I can confirm that total receipts of €12.74bn have been received to date, since the bank guarantee and recapitalisation of the banks, from the disposal of investments, investment income, fees and the bank levy introduced in Budget 2014. The tables provides details in this regard for the benefit of the Deputy:

1) Disposal of investments

2) Income, fees and bank levy

** State invested banks comprise AIB, Bank of Ireland and Permanent TSB. The State collected €153m from all banks subject to the bank levy introduced in Budget 2014.