Oireachtas Joint and Select Committees
Tuesday, 27 March 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Overview of Operations: Strategic Banking Corporation of Ireland
2:00 pm
Mr. Nick Ashmore:
AIB adopted a slightly different approach to how it delivered the funds to the market. We provided the funds on the same basis and the banks competed in how they delivered them. AIB chose to top up the discount which we generated quite significantly. It offered a single price, one-size-fits all loan. It focused on a large volume of smaller borrowers. In that way, it was able to deploy a larger amount of the funding.