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

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2:00 pm

Mr. Bernard Byrne:

Some 1% comes from the funding benefit, given that we receive funds at 1% less than the market rate, and we match it with another 1%. That is how the 4.5% is derived.

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