Written answers

Wednesday, 26 July 2017

Department of Finance

Banks Recapitalisation

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour)
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139. To ask the Minister for Finance the assessed value of the State’s remaining banking investments by institution; and if he will make a statement on the matter. [36008/17]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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The market value of the State's remaining equity stakes in the banks, as at 19 July 2017, was:

Bank Value of our stake – ISE close, 19th July 2017
AIB€9.6bn
BOI€1.0bn
PTSB€0.8bn
Total€11.4bn
The State also holds warrants in AIB that are exercisable for a number of shares equivalent to 9.99% of the issued share capital of the bank, at a price of €8.80 and have a life of 10 years. However as these have just been issued and are not quoted on any exchange, no value has yet been attributed to them.

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