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. Bernard Byrne:
My understanding of the overall perspective on affordable housing and it is a sector in which we see lots of opportunity but it is based on a certain scenario, which is effectively low or no site cost, low or no profit and effectively taking risk out of the position in terms of the position from a developer point of view. It is a different prospect from a commercial development in that context.