Oireachtas Joint and Select Committees

Thursday, 1 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Discussion with Bank of Ireland

12:40 pm

Photo of Sean BarrettSean Barrett (Independent) | Oireachtas source

The point I want to make is that the figure is increasing. Unlike the statements to which I refer on pages 8 and 13, when one reaches page 26, one realises that the amount rose by €77 million. The overall performance of the bank is also in decline and that is of concern to the people who made the investment, particularly in the context of the fact that the underlying loss increased from €722 million to €907 million.

I am concerned by the statement on page 9 to the effect that Bank of Ireland is 73% a property-based institution. That is exactly what got the country into the trouble in which it finds itself.

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