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
2:45 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Let me finish. There is a breakdown of the figures. Approximately €1.5 billion in guarantee fees was paid up until the end of 2013 that had nothing whatsoever to do with the cash injection; it was because we had to guarantee the bank. The rest is mostly made up of coupons in terms of securities. Therefore, it does not have to do with the cash that was injected. Mr. Boucher should be more up-front about this.
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