Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

It is not acceptable that AIB refused last week to provide any information whatsoever on Project Redwood. It would not confirm its existence but if I look up that "alleged" portfolio sale, as AIB called it, online I see a running commentary including the fact that it is down to the last phase with Lone Star, Cerberus and Goldman Sachs, which is expected to be completed by June. While I disagreed with much of what the Permanent TSB officials said last week, at least they engaged and provided information. There has been no information from AIB on Project Redwood. That is not acceptable.

They need to provide information to us. We are talking about farm loans, small business loans, retailers, manufacturers and buy-to-let properties. Zero engagement from AIB is not enough.

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