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:

The largest single item is a provision for timing adjustment of approximately €55 million, so it will flow back over time because the accounting basis on which the rates are recognised has been changed. There is a charge now but it will float back over time.