Oireachtas Joint and Select Committees
Tuesday, 15 April 2014
Joint Oireachtas Committee on Jobs, Enterprise and Innovation
Access to Finance for SMEs: Bank of Ireland, Ulster Bank and AIB
1:50 pm
Mr. Richie Boucher:
For some of them we hope it is what we call the end state. That is conditional on the customer performance continuing to improve. In some cases part of the end state agreement with the customer is that he or she will sell certain of their other assets and time is given to allow that to happen with milestones for achievement. The big thing for us is that the market will look, so that is why we disclosed for example that €1.487 billion was restructured. The market will then look at us each June and December to see whether the restructures are sticking because that is a key thing on which the market looks at for us.
Mr. McLoughlin wishes to correct a statement I have made. My apologies.
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