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 Arthur SpringArthur Spring (Kerry North-West Limerick, Labour) | Oireachtas source

I welcome the witnesses. My opening comment concerns the sale of the bank. I am the fourth speaker and I welcome the fact that we are talking about the sale of the bank. It is an indication that we are incrementally moving towards the light at the end of the tunnel. How will the bank pitch towards the investors the attraction in purchasing AIB? Reference was made to a return of 10% to 12% on investment. The witnesses talked about profitability, the cost of funds and reducing overheads. Can the witnesses provide a two-minute pitch on what they would do to make AIB attractive to investors? I do not have any spare change.

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