The banking bailout - the figures

What the bailout is costing Irish taxpayers

What the bailout is costing Irish taxpayers

Anglo – €29.3 billion (including €22.9 already committed by Government) – could go to €34.3bn in severe worst-case

AIB – up to €6.5 billion (including €3.5 billion already invested by Government)

BoI – €3.5 billion (doesn't need any more capital from Government)

INBS – €5.4 billion (including €2.7 billion already committed by Government)

EBS – €350 million (further requirement for €440 million and possibly more which is expected to come from its new buyer)

Irish Life & Permanent – doesn't need any capital; didn't engage in property development lending

Total: €45 billion – could go to €50 billion in Anglo severe stress case

Of this, some €35 billion of this is debt and is unlikely to be recovered - the €6.5 billion to be invested into AIB and €3.5 billion already invested into Bank of Ireland is regarded as an investment by the National Pension Reserve Fund, the €24 billion sovereign wealth fund held by the Government. The State is likely to make this €10 billion back and could make a profit by selling down the shares over time.

The figures relate to the State's investments in the banks. AIB's capital requirement is €10.4 billion of which it has raised €2.5 billion from the sale of its stake in Poland's Bank Zachodni WBK, leaving €7.9 billion to raise – some of that will come from the sale of the 22.5 per cent stake in US bank M&T, the sale of its UK business and further (possible) investment from existing shareholders and institutional investors. The Government will underwrite the sale of new shares.

Simon Carswell

Simon Carswell

Simon Carswell is News Editor of The Irish Times