Written answers
Thursday, 10 December 2015
Department of Finance
State Banking Sector
Michael 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]
Michael 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 | €bn | Source of valuation |
---|---|---|
AIB - Equity/preference shares | €13.4bn | Equity 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 | €1.5bn | Based on the Irish Stock Exchange closing price on 4 December 2015 |
PTSB | €1.5bn | Based on the Irish Stock Exchange closing price on 4 December 2015 |
Total current valuations | €18.0bn |
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