Dáil debates
Thursday, 30 September 2010
Banking Sector Regulation
10:30 am
Brian Lenihan Jnr (Dublin West, Fianna Fail)
I have heard anecdotally that there is some evidence of a difference between AIB and Bank of Ireland in their treatment of business customers. This morning's announcement will help enormously in that regard because it will bring capital certainty to AIB's position. The Government decided the investment in Allied Irish Banks would take the form of cash rather than relying on the accounting device of converting preference shares into ordinary shares.
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