Oireachtas Joint and Select Committees
Tuesday, 26 September 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Sector in Ireland (Resumed): Allied Irish Banks
4:00 pm
Gerry Horkan (Fianna Fail) | Oireachtas source
For people looking in who are not experts, the witness is basically saying the bank is there to help them build once they have bought land with equity investors or their own cash or whatever. The bank will finance the building once there is a sure bet, if one likes. I accept the logic of not going back to buying fields all over the place with the idea they may get zoned. They may not get zoned. That probably gave us some of the headaches that we had. The bank is saying it is available to help construction.
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