Oireachtas Joint and Select Committees

Thursday, 14 May 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Mr. Paul Dobey:

I'm familiar with the decision-making process that happened in AIB at the time. It's documented in the minutes. There was a dialogue. AIB took a decision to declare that dividend, I believe, in July and then it was paid subsequently in September and I think the view is, it was committed from July to pay that dividend and, ultimately, paid it in September. There was a lot of dialogue within AIB and at the board of AIB and I do recall having a discussion with the, certainly the finance director and the chief executive in relation to the dividend, and I understand the reasons why it was done.

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