Kieran O'Donnell (Limerick East, Fine Gael)

The former chief executive officer of Allied Irish Banks, Mr. Eugene Sheehy, indicated at a meeting of the Oireachtas Committee on Finance and the Public Service before Christmas that AIB may not use NAMA bonds to obtain credit from the ECB. In light of this, is the Minister confident that NAMA will facilitate a flow of credit to small business? Does he expect that the banks will use NAMA bonds to secure credit from the ECB?

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