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

3:45 pm

Photo of Peter MathewsPeter Mathews (Dublin South, Independent)
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That is very important and I will say why. It is because if the management of the bank messes around with provisions, increasing or them or writing them back depending on the policy on whether or not to write off, and depending on the value in the loan-to-value algebra---- by the way, what is "value"? Where do the values for these properties come from?