Oireachtas Joint and Select Committees

Thursday, 13 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: AIB

12:50 pm

Mr. Brendan O'Connor:

It is quite early in the process. By the time it reaches the balance sheet so that one sees the reduction in non-performing loans, the process will have been in existence for between 18 months and two years, because we must stabilise SMEs and cashflows. It takes quite a long time to put all the legal documentation-----

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