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:
Exactly. The rest of the customers had not reached an agreement with us, after that prolonged period. We put the solutions in place and agreed them with the customers. However, with the evolving nature of the definition of non-performing exposures, they were now classified as non-performing exposures and we sold them, in contract, with their new solution.
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