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:

Many businesses with which we have dealt have non-correlated property debt which is not linked with their core business. In our efforts to figure out how to protect jobs we have separated these property issues from the core business and tried to determine how to address the property share of viable businesses. That is the nature of the restructurings in which we have been engaged.

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