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
1:05 pm
Dr. Michael Somers:
As regards needing more cash, we have been through numerous stress tests on the future of AIB and have looked at different scenarios, including interest rates moving and economies not growing. In other than extreme circumstances, the expectation is that we will not need any more capital from the State. I hope that is correct and that we do not have to come back looking for any more capital, but one can never be absolutely certain.
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