Oireachtas Joint and Select Committees
Wednesday, 19 January 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Covid-19 Payments and the Sale of AIB shares: Minister for Finance
Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source
Of course, in my answers to the Deputy, I pointed to the legislation we were going to bring forward and I also pointed to the legal advice I have received that does, to a degree, constrain me. I could go on to all of the other legislation that the Government has brought forward, for example, the guidelines with regard to personal injuries, and the other things the Government is also doing to respond to the issues we have with the insurance sector, but maybe we will leave that to another day.
To go on to the Deputy's question regarding AIB, I did so because it is my view that, across the medium term, there will be opportunities for us to regain money we have invested in our banks because of changes I anticipate happening in the valuation of banks and the general economic conditions of the country. For this reason, I believed it was important to begin by selling a small share in that bank.
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