Oireachtas Joint and Select Committees

Tuesday, 3 September 2013

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Financial Sector: Discussion with AIB

3:40 pm

Mr. Myles O'Grady:

Mr. Duffy has mentioned that in the year to date the bank has written off €475 million of loans. Of that number, €38 million relates to residential mortgages. That level reflects a point in time cycle; therefore, one would expect that perhaps the work we have done in the past few years has been more focused on the corporate commercial side and now we are moving into-----

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