Oireachtas Joint and Select Committees
Wednesday, 5 November 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Banking Sector: Bank of Ireland
2:35 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
I welcome the Bank of Ireland delegation. Mr. Boucher has said the cash injected by the State into Bank of Ireland has been paid back and showed figures in his presentation of €6 billion and so on. He is actually being mischievous.
It is the equivalent of someone with a Bank of Ireland mortgage of €100,000 and a variable interest rate telling the bank when the interest reaches €100,000 that the interest has been paid back and that he or she and the bank are all square. That is what Mr. Boucher is trying to tell the finance committee.
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