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
Kieran O'Donnell (Fine Gael) | Oireachtas source
AIB has €69 billion of loans and a provision of €7 billion for losses. That is higher than some of the other institutions’ provision. Why is it so high? It is a phenomenal figure that is the equivalent of the entire budget for the Department of Education and Skills. A breakdown was given with the figure of €3.7 billion relating to home loans. Is that home loans or the entire property loan book?
No comments