52. Deputy Seamus Healy asked the Minister for Finance if the preference shares held in Bank of Ireland by the State are callable at the discretion of BOI; if there are any restrictions on this discretion; if the State is compelled to sell the preference shares to Bank Of Ireland should the bank seek to buy them at any time; if the preference shares are convertible to ordinary shares; if so, whether the State has the option of such conversion; and if he will make a statement on the matter. [51237/13]

Summary

52. Deputy Seamus Healy asked the Minister for Finance if the preference shares held in Bank of Ireland by the State are callable at the discretion of BOI; if there are any restrictions on this discretion; if the State is compelled to sell the preference shares to Bank Of Ireland should the bank seek to buy them at any time; if the preference shares are convertible to ordinary shares; if so, whether the State has the option of such conversion; and if he will make a statement on the matter. [51237/13]

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• Banks Recapitalisation

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