Written answers

Thursday, 10 December 2015

Department of Finance

State Banking Sector

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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80. To ask the Minister for Finance the valuation placed on the State's banking assets; and if he will make a statement on the matter. [44651/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As requested by the Deputy, the current valuation of the State's remaining investments in the banks is set out in the following table: 

Bank/investment€bnSource of valuation
AIB - Equity/preference shares





€13.4bnEquity valuation of €11.7bn as agreed between the Minister and AIB as part of the bank's capital reorganisation. In addition, the valuation includes €1.7bn representing the redemption of the remaining preference shares due to complete in the coming weeks.
AIB - CoCo€1.6bn At par
BOI - Equity€1.5bnBased on the Irish Stock Exchange closing price on 4 December 2015
PTSB€1.5bnBased on the Irish Stock Exchange closing price on 4 December 2015
Total current valuations€18.0bn

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