THE RELEASE OF the annual report from the Comptroller and Auditor and General has revealed the State has spent €24.35bn in total on the banking crisis.

This figure includes €34m in legal fees for advice it received on how to handle the crisis.

Read Volume 1 and 2 of the report.

The report outlines how:

€7bn was invested by the National Pension Reserve Fund in AIB and Bank of Ireland
€4.2bn spent supporting Anglo Irish Bank and taking Irish Nationwide and EBS into State ownership
Promissory notes with €10.3bn were issued to Anglo Irish Bank, €2.6bn to Irish Nationwide and €250m to EBS

An extra €10bn in promissory notes for Anglo Irish, and €437m for EBS, could not be included in the report as they were issued outside the period reviewed by the auditor.

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State spends €24bn on banking crisis

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.