Oireachtas Joint and Select Committees

Wednesday, 15 July 2015

Committee of Inquiry into the Banking Crisis

Nexus Phase

Photo of Joe HigginsJoe Higgins (Dublin West, Socialist Party) | Oireachtas source

Mr. Corrigan, can you throw any light on this for me? In the Allied Irish Bank annual report 2011, they give on page 297 of that report - you don't need to have it - an account of the transfer of business from Anglo Irish Bank Corporation and then at the end of the explanation they say a net capital contribution of €1.5 billion was generated on the date of the transaction. Can you explain what that means?

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