Oireachtas Joint and Select Committees
Thursday, 24 January 2013
Public Accounts Committee
National Transport Authority - Financial Statement 2011
11:40 am
Seán Fleming (Laois-Offaly, Fianna Fail) | Oireachtas source
In light of the shortage of money in the country, it is fabulous that in 2011 the NTA had €20 million sitting in the bank earning interest. What rate of interest applies in respect of money the NTA has in the bank? I was also intrigued by the fact that the authority incurred bank charges of €67,692. I do not understand how an organisation with €20 million in the bank - earning deposit interest of €534,941 - is incurring bank charges. How did such charges arise?
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