Bank bail-out estimated to have cost State €41.7bn, says comptroller

Report adds up to estimated €1.3bn a year to the cost of servicing national debt

The new figures take account of the State’s initial investment, the sale of shares, the dividends and interest from the banks and the complex cost of bailing out Anglo Irish Bank and Irish Nationwide. File photograph: Bryan O’Brien

The new figures take account of the State’s initial investment, the sale of shares, the dividends and interest from the banks and the complex cost of bailing out Anglo Irish Bank and Irish Nationwide. File photograph: Bryan O’Brien

The bail-out of Ireland’s banks during the financial crisis is now estimated to have cost the State €41.7 billion, according to the latest estimate from the Comptroller & Auditor General (C&AG).

It also adds an estimated €1.1 billion to €1.3 billion a year to the cost of servicing the national debt.

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