Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of AIB: Discussion

2:35 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

I understand that recently the contract of every business that had dealings with AIB merchant banking has been changed and businesses have now moved from a rental to a lease model. Is that correct? Some 40,000 businesses or more have been flipped over to a lease model - a lease being a determined agreed period. Is that correct?

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