Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of AIB: Discussion
1:45 pm
Mr. David Duffy:
Correct. Of the target surpassed to date, €600 million is specifically new lending. People measure differently. We do not call giving someone a new facility new lending. Besides the €600 million, much of the amount is restructuring. Restructuring is vital to the retention of employment and the stability of SMEs.
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