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
9:00 am
David Cullinane (Waterford, Sinn Fein) | Oireachtas source
That is pretty much just paying the interest. The principal amount is only paid down when the State, for example, sells off the AIB shares and pays off the loan, but the amount we owe stays the same and interest is an annual interest fee that is paid for by the State. Is that correct?
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