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 Michael CreedMichael Creed (Cork North West, Fine Gael) | Oireachtas source

In terms of the cost of funding and risk, the losses at the bank and the provision it must make for bad losses impact on the standard variable rate and interest rates generally. What is the quantified impact of those who are the beneficiaries of tracker mortgages on the cost of funds to the standard variable rate mortgages?

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