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 Burke:

Going back to that, even in the years before we restructured, on a combined basis, we paid €280 million on the preference dividend and €160 million on the CoCos, contingent capital notes. We were paying €440 million to the Government on non-equity instruments. Given we are currently generating €1 billion on a recurring basis, we would view ourselves as being absolutely in a position to pay a conservative level of dividend on an ongoing basis.

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