Michael McGrath (Cork South Central, Fianna Fail)
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187. To ask the Minister for Finance the amount of surplus generated by the Central Bank of Ireland, of the surplus in each of the years 2013 to 2015, inclusive, that relates to interest on Irish Government bonds held as a result of the promissory note deal; and if he will make a statement on the matter. [4449/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Central Bank that the portion of interest income relating to the Irish Government Bonds held as a result of the promissory note transaction which contributed to the Bank's overall surplus in 2013 and 2014 was €817.1m in 2013 and €859.4m in 2014.

I am advised that the draft 2015 interest income earned relating to the Irish Government Bonds held as a result of the promissory note transaction was €669.9m.  However, this figure remains subject to the completion of the Central Bank's year end accounts and the related audit process.

Michael McGrath (Cork South Central, Fianna Fail)
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188. To ask the Minister for Finance the amount of the surplus generated by the Central Bank of Ireland, of the surplus in each of the years 2013 to 2015, inclusive, that relates to capital gains on the sale of Irish Government bonds held as a result of the promissory note deal; and if he will make a statement on the matter. [4450/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Central Bank that the capital gains arising from the disposal of Irish Government Bonds held as a result of the promissory note transaction in 2013 and 2014 amounted to €0.2m in 2013 and €717.9m in 2014.  These capital gains contributed to the Central Bank's overall surplus.

I am advised that the draft 2015 capital gains arising from the disposal of Irish Government Bonds held as a result of the promissory note transaction was €1,073.1m.  However, this figure remains subject to the completion of the Central Bank's year end accounts and the related audit process.

Michael McGrath (Cork South Central, Fianna Fail)
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189. To ask the Minister for Finance the level of sale, in tabular form, of Irish Government bonds, held by the Central Bank of Ireland as a result of the promissory note deal, in each of the years 2013 to 2015, inclusive; how this compares with the minimum schedule of sales as published at the time; and if he will make a statement on the matter. [4451/16]

Michael Noonan (Limerick City, Fine Gael)
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Subsequent to the liquidation of IBRC the Central Bank acquired €25bn of Floating Rate Notes (FRNs) and €3.46bn of Government Fixed Coupon 2025 Government bonds. The Central Bank indicated a minimum disposal schedule of €0.5 billion up to the end of 2014, €0.5 billion per annum 2015 to 2018, €1 billion per annum 2019 to 2023 and €2 billion per annum after that until all the bonds are sold. However, the Bank also stated that it would dispose of the government bonds as soon as possible, provided conditions of financial stability permit.This position remains unchanged. Due to improved financial stability conditions, the disposals of fixed and floating rate government bonds from the Special Portfolio have been faster than the minimum.

*The applicable minimum schedule spanned from the date of liquidation in 2013 until the end of 2014.

**€350mn of Irish government bonds were disposed of in 2013.