State’s receipts from bank activities near €13bn-mark

The State has received over €12.74bn from all bank-related levies, investment income and disposal of investments since the bank guarantee of 2008.

That is according to Minister for Finance Michael Noonan, who yesterday confirmed that between April 2010 and May 2015, the State received €6.58bn from the disposal of investments by the banks covered by the guarantee; namely Bank of Ireland, AIB and Permanent TSB.

In addition, Mr Noonan confirmed that the State has received €6.16bn in income, fees and the bank levy from the banking sector since 2008.