Oireachtas Joint and Select Committees

Wednesday, 8 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

Thanks Chair. Mr. Cowen ... it's ... DOF03558. There was a decision to proceed with an injection of €3.5 billion for Allied Irish Bank, given that it was clearly outlined that this amount was insufficient to meet their capital needs ... Allied Irish Bank ultimately required a total capital injection of €19.8 billion. Can you comment on the decision to proceed with that injection at that point?

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