169. Deputy Pearse Doherty asked the Minister for Finance in respect of Bank of Ireland in which he controls 15% of the ordinary shares and in addition holds preference shares valued at €1,473 million in December 2011, the safeguards that he has in place to ensure that shareholders in the bank do not benefit from the distribution of dividends, or from other shareholding rewards until firstly, the bank has returned to profitability and secondly that any distribution takes account of the €4.7bn provided to the Bank by the State. [45980/12]

Summary

169. Deputy Pearse Doherty asked the Minister for Finance in respect of Bank of Ireland in which he controls 15% of the ordinary shares and in addition holds preference shares valued at €1,473 million in December 2011, the safeguards that he has in place to ensure that shareholders in the bank do not benefit from the distribution of dividends, or from other shareholding rewards until firstly, the bank has returned to profitability and secondly that any distribution takes account of the €4.7bn provided to the Bank by the State. [45980/12]

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• Bank Debt Restructuring

  xml · EN · 23 October 2012

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