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
Paddy Burke (Fine Gael) | Oireachtas source
I welcome Dr. Hunt, whom I congratulate and wish well in his new position. I also welcome the other witnesses. Like other members of the committee, I have received a considerable amount of correspondence about the prevailing rate. When the Central Bank decided the bank should compensate those people, how did AIB calculate what they should be paid? From all the correspondence I have received, it seems the bank made the same award to all of them, namely, €1,615, of which €615 went towards legal costs. Why did the bank arrive at the same amount? Was it the average amount? Did some people do well while other people were sold short?
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