Oireachtas Joint and Select Committees
Thursday, 21 June 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
9:30 am
Mr. Jim O'Keeffe:
We have not discussed or disclosed information about the portfolio in more detail than what I have just outlined. However, where there were going concerns in the portfolio, that is one of the key restructuring pieces that we do as part of our normal restructuring. We work to deal with the investment assets through a sales process. We typically arrange a bridge to sale to sell those down in order that we can protect the underlying trading business if there is one. The portfolio was predominantly driven by an investment assets.
No comments