Written answers
Thursday, 21 July 2016
Department of Finance
Bank Guarantee Scheme Fees
Michael McGrath (Cork South Central, Fianna Fail)
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107. To ask the Minister for Finance the amount of money received to date in respect of fees for the 2008 bank guarantee scheme and the eligible liabilities guarantee scheme, proceeds received from the sale of banking-related assets; the current value of the various share holdings the State has in respect of banks; and if he will make a statement on the matter. [23864/16]
Michael Noonan (Limerick City, Fine Gael)
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As requested by the Deputy, I can confirm that the following amounts have been received to date from fees relating to deposit guarantee schemes and the disposal of the State s investments in the banks:
- CIFS/ELG - €4.45bn
- Disposal of bank investments -€8.22bn
Proceeds from the disposal of bank investments includes accrued interest/dividend at the date of sale, and is net of €0.23bn from the part-redemption of the AIB preference shares used to settle the remaining balance of the EBS promissory notes.
In addition to these amounts, €1.73bn income has been received to date in the form of coupons on the various bank investments.
The most recent independent valuations of the State s remaining investments in the banks are as follows:
Bank | Most recent valuation | Source of valuation |
---|---|---|
AIB Equity CoCos | €12.2bn €1.6bn | ISIF, 31 December 2015 At par |
BOI Equity | €0.84bn | ISE close, 18th July |
PTSB Equity | €0.67bn | ISE close, 18th July |
Total | €15.31bn |
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