Oireachtas Joint and Select Committees

Thursday, 20 December 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Contribution of Public Interest Directors in Financial Institutions: Discussion

11:25 am

Photo of Peter MathewsPeter Mathews (Dublin South, Fine Gael) | Oireachtas source

Certus, the loan work-out vehicle for Lloyds Bank has written off €22 billion of the €40 billion peak gross loans that the Bank of Scotland (Ireland) wrote in the period up to 2008. That is more than 50%. The bank must look long and hard into its heart, heavily diluting the last PCAR in March 2011.

Reference was made in Mr. Walsh’s submission to the CBI-mandated review of corporate governance in Bank of Ireland by a major international firm. What was the major international firm?

Comments

No comments

Log in or join to post a public comment.