Oireachtas Joint and Select Committees
Thursday, 11 April 2019
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Matters Relating to the Banking Sector: Allied Irish Banks
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I want to ask Dr. Hunt a final question about the overall position with non-performing exposures, NPEs. He said the latest transaction that AIB announced will bring it to circa 8%. The aim is to get to 5% by year end and Dr. Hunt is laying a clear marker that that is not a destination but a step along the road to reducing them further but, in nominal and book value terms, by how much does the bank need to reduce its non-performing loans, NPLs, or NPEs, to get from 8% to 5% in the remaining nine months or so of the year?
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