Oireachtas Joint and Select Committees

Wednesday, 30 June 2021

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

General Banking Matters: AIB

Dr. Colin Hunt:

To my knowledge, those numbers would be very high. The key thing is that there is no difference in the remuneration arrangements that existed when Goodbody was majority owned by Fexco. We are not changing the remuneration restrictions. We are changing the ownership of Goodbody. We are changing the ownership of Goodbody in order to allow this bank to have at its disposal a full set of products and services to best to equip us to meet our personal and business customers’ demands.