Oireachtas Joint and Select Committees

Tuesday, 26 September 2017

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Banking Sector in Ireland (Resumed): Allied Irish Banks

4:00 pm

Mr. Jim O'Keeffe:

For a point of clarity, the Project Cypress portfolio which the bank sold and to which Mr. Bourke and Mr. Byrne referred was a portfolio of investor loans taken out by landlords to create a rental market. We have not sold any private dwelling houses at this point. We do not have any plans or have anything on the market in respect of private dwelling houses at this point.