Oireachtas Joint and Select Committees

Thursday, 29 June 2017

Committee on Budgetary Oversight

Capital Investment: European Investment Bank

10:00 am

Photo of Colm BrophyColm Brophy (Dublin South West, Fine Gael) | Oireachtas source

The key matter is the capitalisation. Ultimately, the only thing that guarantees the security of everything, from the AAA rating to the ability of the bank to perform at its optimum level, is for the remaining 27 to effectively guarantee to replace that capital from their own resources. More than anything else, that will have a direct impact on the ability of the bank to finance future lending.

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