Oireachtas Joint and Select Committees
Thursday, 1 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Discussion with Bank of Ireland
11:00 am
Dara Murphy (Cork North Central, Fine Gael) | Oireachtas source
I welcome Mr. Boucher and his colleagues here this morning. Clearly, we have a significant vested interest in seeing Bank of Ireland's recovery but we have a much smaller shareholding in it than in the other banks.
Yesterday AIB told us that it expects to be back to profit in 2014 and IBRC gave us a schedule of its perceived reduction in exposure to the State. Has Bank of Ireland a timeline for its return to profit and when and how there might be a return to the Exchequer of the investment made in the bank?
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