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

8:20 pm

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

We are back to 25 year terms. As the bank is restructuring itself and everyone present is in agreement that they seek a recovered and sustainable banking sector, I note Mr. Duffy's presentation mentioned AIB's reduced reliance on ECB funding by 20% in the six months to June. In real money, how much is that? What is that 20% worth?

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