Oireachtas Joint and Select Committees

Wednesday, 22 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland: Allied Irish Banks

2:00 pm

Mr. David Duffy:

We need to see all of the factors. It is not just the funding rate; it is the cost to the bank and the cost of risk. We need to see a little bit of confidence in all three of those factors, because they can change every quarter. It is only a month or two since December 2014 when we cut a rate. We are only five months into it.

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