Oireachtas Joint and Select Committees
Thursday, 2 March 2023
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Debt Write-down and Debt Resolution Policies: Allied Irish Banks
Mr. Jim O'Keeffe:
Yes. There may be elements in the write-down that included legal cases, etc., whereby we had to write off debt. That is the only thing that would be excluded from the 150,000. The 150,000 are solutions that the customers continued with. There would be an element of the debt write-off, which was part of a legal process whereby we had to write off residual debt.
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