Oireachtas Joint and Select Committees
Thursday, 9 July 2015
Committee of Inquiry into the Banking Crisis
Nexus Phase
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
Mr. McDonagh, the State injected €20.7 billion from the National Pensions Reserve Fund into AIB and Bank of Ireland. Dr. Somers will tell us later that, in 2009, the discretionary portfolio was making a return of 20.6%. Have you any indication of what type of return that €20.7 billion that went from the National Pensions Reserve Fund into the banks could have made, in the years subsequent, if it stayed within the pension reserve fund?
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