Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of AIB: Discussion

2:05 pm

Mr. Fergus Murphy:

On the asset side of the balance sheet, we have to make sure that in future, because this was not the case in the past, we charge an appropriate price for any product, say a mortgage product, and that we cover our cost of operation and our cost of credit going forward and a margin for profitability. The fact that deposit pricing comes down does not necessarily mean the asset margins come down.

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