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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