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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