Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland: Allied Irish Banks
9:30 am
Mr. Mark Bourke:
One issue is the CoCo, which was costing us €13.85 million but is now gone. There would therefore be a consequent reduction in average cost. As Mr. Byrne said, the other thing some banks include and some do not include is a reduction in the average by including zero-cost current accounts.
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