Oireachtas Joint and Select Committees

Thursday, 7 October 2021

Public Accounts Committee

2020 Annual Report of the Comptroller and Auditor General - Chapters 15 and 16
2019 Annual Report of the Comptroller and Auditor General - Chapter 16
National Treasury Management Agency - Financial Statements 2020

9:30 am

Mr. Conor O'Kelly:

Yes, all our investments are made on a commercial basis. We are mandated to make a commercial return and to have economic impact for Ireland. It is what we call our double bottom line. That is the legislative impact. It is very difficult to predict the future in respect of investing when we are taking risks but a lot of these are fine companies that have been affected by the pandemic. They were fine companies before the pandemic hit and they will be fine companies after the pandemic. The role the Minister asked us to play was to ensure these big employers and big indigenous Irish companies were not knocked out by the pandemic and could recover, maintain those jobs and grow into the future.

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