Oireachtas Joint and Select Committees

Thursday, 14 December 2017

Public Accounts Committee

2016 Annual Report and Appropriation Accounts of the Comptroller and Auditor General
Chapter 3 - Cost of Bank Stabilisation Measures as at the end of 2016
Irish Bank Resolution Corporation Liquidation

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9:00 am

Mr. Des Carville:

A policy choice was made over several years, the cumulative effect of which was that the State ended up, at one point in time, a 99% shareholder in Irish Life and Permanent, 99% in AIB and 14% in Bank of Ireland.

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