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:

Without knowing the level of engagement, the facts seem to suggest we have had the biggest outcome because we will require funding of approximately €55 million for the properties we are selling to the agency, and €70 million was available to the financial sector for this initiative. I will not get into how the others engaged with it, but from our perspective we put in a programme to ensure it happened, and this has borne a lot of fruit for everyone, including those who will live in the houses.