Oireachtas Joint and Select Committees
Thursday, 14 December 2017
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Paradise Papers (Resumed): Allied Irish Banks
9:30 am
Mr. Bernard Byrne:
As I said, the flow would be quite consistent with what happened across many banking systems, including the Irish system. There was a very significant exodus, particularly from AIB, at the time. There was not much confidence and the credit rating of the institutions had dropped, so deposits were leaving the institutions anyway.
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