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:
Yes. That was the last dividend in the form of recurring income. Obviously, that capital is now restructured. At this point in time, we are engaged in a discussion with the regulator and our shareholder, namely, the Department of Finance, on how, having restructured the capital of the bank and established sustainable profitability, do we get to a position where we can re-establish returns on equity capital, namely, dividends. We are in that process but there are a number of pieces to that which play out and need to be progressed.
No comments