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:
I think Mr. Bourke will want to make a comment on that. We must remember that is one element of the cost, which is comparable in the eurozone, but there is then the cost of risk, which is significantly more expensive than the eurozone, and then there are the operating costs.
Those are all of the elements that come to the margin between the cost and the rate one charges.
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