Oireachtas Joint and Select Committees
Wednesday, 10 June 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Mr. Cyril Roux:
It's quite frail. All the banks, or most of the banks, are under restructuring plans. They have very large non-performing exposures. They have weak profitability and I have to say, as you were talking about political influence, that political pressure is, you know, built on them to reduce yet further their profitability and that's something that has ... worries the ECB because, if they're not profitable, then they will veer away from their restructuring plans and that will spell a lot of trouble for these banks.
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