Oireachtas Joint and Select Committees

Wednesday, 29 April 2015

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of the Banking Sector in Ireland (Resumed): Bank of Ireland

2:00 pm

Mr. Richie Boucher:

The Deputy will probably be aware that in cases where we have done corporate write-downs, which are public companies, we received equity in the company as part of the write-down. We provide for the equity up-front, which means we then have a potential upside.

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