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.