Written answers
Tuesday, 17 April 2018
Department of Finance
State Banking Sector
Michael McGrath (Cork South Central, Fianna Fail)
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223. To ask the Minister for Finance the amount of dividends received by the State from banks (detail supplied) in 2017; the amount scheduled to be received in 2018; and if he will make a statement on the matter. [15165/18]
Paschal Donohoe (Dublin Central, Fine Gael)
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As the Deputy is aware in 2017 AIB paid a dividend of €250m to the State in respect of the financial year 2016. As part of its recent annual results for 2017 the bank proposed a dividend of €326m of which the State will receive €231m (71%) if approved by shareholders at the forthcoming AGM on 25 April 2018.
In the case of Bank of Ireland the bank has proposed a dividend of €124m as part of its recent results announcement for the year ended 31 December 2017. The State will receive c. €17m if the proposed dividend is approved by shareholders at the forthcoming AGM on 20 April 2018.
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