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
Gerry Horkan (Fianna Fail) | Oireachtas source
I will touch on the Everyday Finance portfolio of May 2018. They were the bank's customers, but the record is fairly dismal. The average balance is €1.4 million, with 800 connections and 3,700 assets, which is approximately 4.5 assets per connection. Will the delegation give us some idea of what was happening? All of these people were loaned money, there were many connections and the average value is high. I appreciate that an average is an average and there are customers with €5 million, €6 million or more and others with €500,000 or less.
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