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

Photo of Peadar TóibínPeadar Tóibín (Meath West, Sinn Fein) | Oireachtas source

AIB made a pre-tax profit of €1.1 billion last year on what many say was a punitive interest rate. We can only take it to be the outcome of its policy. Given that its responsibility is to act on behalf of its shareholder, are we to take it as the outcome of the policy of the shareholder?

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