The Central Bank has earmarked around €1.7bn for a payment to the government, according to people familiar with the situation.
Bloomberg is reporting that the payment – which is in line with last year’s – stems from the bank’s profit in 2015, according to two people familiar with the situation, who asked not to be named as the organisation’s annual report has yet to go to Government.
The details could be announced as early as next week.
The Central Bank is selling down its holdings of bonds linked to the liquidation of the former Anglo Irish Bank, underpinning its profits.
Minister for Finance Michael Noonan has said that Central Bank sales of the securities are ahead of the minimum schedule laid out when Anglo closed.
The Central Bank’s holdings of floating rate bonds related to the bank’s liquidation amount to €22bn, according to Mr Noonan.
In 2014, holdings of the notes declined to €24.5bn, the Central Bank said its annual report.
