Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

It is fair to point out that Bank of Ireland is a private bank that is quoted on the Stock Exchange. The State has a 14% stake in the bank; therefore, it does not have a controlling interest in it. When the bank acted as it did, I issued a statement indicated that what it had done was "surprising and unnecessary". I am glad that the Deputy has written to the Governor of the Central Bank, or to the Central Bank authorities.

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