Oireachtas Joint and Select Committees

Thursday, 8 May 2014

Public Accounts Committee

2012 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 7 - Office of the Minister for Finance
Chapter 1 - Exchequer Financial Outturn for 2012
Chapter 2 - Government Debt
Finance Accounts 2012

12:45 pm

Mr. John Moran:

At that stage, we will have to have a sense of it. The analysis will be effectively the same as that determining whether we should sell portions of AIB. If we were allowing AIB to raise capital in the private markets, that would have the effect of diluting our share in the bank. However, there would be more money in AIB because there would be more capital. Therefore, the bank would essentially have grown larger. We would just not own all of it.

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