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
On non-performing loans, the reduction from €30 billion to €7.8 billion is impressive, but since the bank was 100% owned by the State when this happened, the shareholder, the State, has ultimately taken the hit. I accept and hope the sales of the shares may over time yield a return of 100% or more. The more, the better, but I was intrigued by the question about how it was all resolved.
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