Written answers
Tuesday, 2 February 2016
Department of Finance
State Investments
Michael McGrath (Cork South Central, Fianna Fail)
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190. To ask the Minister for Finance the value of the State's shareholdings in various banks; and if he will make a statement on the matter. [4452/16]
Michael Noonan (Limerick City, Fine Gael)
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The current value of the State's remaining investments in the banks is shown in the following table.
| Bank | Investment | Current value | Source of valuation |
|---|---|---|---|
| Allied Irish Banks | Equity CoCo | €11.7bn €1.6bn | As agreed between the Minister and AIB as part of the bank's recent capital reorganisation. At par |
| Bank of Ireland | Equity | €1.4bn | ISE closing price 29th January 2016 |
| PTSB | Equity | €1.3bn | ISE closing price 29th January 2016 |
| Total | €16.0bn |
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