Oireachtas Joint and Select Committees

Wednesday, 5 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Bank of Ireland

2:45 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

Let me finish. There is a breakdown of the figures. Approximately €1.5 billion in guarantee fees was paid up until the end of 2013 that had nothing whatsoever to do with the cash injection; it was because we had to guarantee the bank. The rest is mostly made up of coupons in terms of securities. Therefore, it does not have to do with the cash that was injected. Mr. Boucher should be more up-front about this.