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. Bernard Byrne:

They are choices that people ultimately make. I could give the Senator arguments either way. It will be a Government decision but given the position of the bank and the fact that markets are volatile and will remain volatile for a period of time, the sense, as we understand it, of selling a piece of the bank at this stage and then maintaining a sell-out over time gives optionality. That means the bank can avail of market opportunity when it arises. I can certainly see the merits and wisdom of the strategy as described. Does Mr. Bourke want to add anything?

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