Oireachtas Joint and Select Committees

Wednesday, 9 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB

12:35 pm

Mr. David Duffy:

The committee will have seen AIB implement increases in that rate. Notwithstanding any political ownership, we operate on a purely operational basis. Our ultimate goal is very simple: to return €20 billion to the taxpayer. If at any point any investor perceived us to be acting in the political interest, there would then be no investor. To maximise the valuation, we operate at arm's length, so the answer would be "No" in that circumstance.