Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of AIB: Discussion

1:55 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

With regard to an investment return of 8% to 12%, most of the money that went from the State to the bank, approximately €15 billion, went via the NTMA and the National Pensions Reserve Fund. The National Pensions Reserve Fund has been successful in the past but average returns are approximately 6%. Why would the National Pensions Reserve Fund not hold onto its shares in AIB if the bank could rate guarantee a return of up to 12%?

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