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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