Oireachtas Joint and Select Committees
Thursday, 1 November 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Discussion with Bank of Ireland
12:00 pm
Peter Mathews (Dublin South, Fine Gael) | Oireachtas source
That is not near enough, because the bank's balance sheet is still highly vulnerable. The bank has €7 billion in provisions against a loan book of €80 billion - about 8.7%. Considering this is all in mortgages and property and construction related lending, that is probably very light provision.
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