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. Mark Bourke:

In regard to the dividend, for all of the previous years we were not in a position to pay any cash back to the Government and the taxpayer as our owner. This was our first time in profitability and therefore that profitability was almost immediately transferred by dividend to the State. It was a singularly important moment in returning AIB to being a sustainable enterprise.

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