Oireachtas Joint and Select Committees
Wednesday, 14 September 2022
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Banking Issues: Discussion
Peadar Tóibín (Meath West, Aontú) | Oireachtas source
Fáilte romhaibh go léir anseo inniu. AIB's after-tax profits in the first half of this year were approximately €500 million. I imagine after-tax profits well in excess of €1 billion are expected this year. Net lending is increasing by billions of euro and the bank's exposure to non-performing loans, at only 4%, has radically reduced. In addition, AIB does not yet pay corporation tax. Is that correct?
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