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Banking Sector Issues

Dáil Éireann Debate, Tuesday - 16 July 2013

Tuesday, 16 July 2013

Questions (220)

Pearse Doherty

Question:

220. Deputy Pearse Doherty asked the Minister for Finance if he will list the consultant fees accumulated by AIB in 2011 and 2012; if the bulk of these fees were paid to a company (details supplied); and if he is satisfied with the tendering process which was run by the bank. [34298/13]

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Written answers

I have been informed by AIB that in line with normal practice and for reasons of commercial sensitivity, the bank does not publicly disclose the details of contracts with individual external service providers. AIB utilises the expertise of a number of different third party firms on a case by case basis, subject to an evaluation of the bank’s requirements, costs and the relevant external parties. AIB is focused on a significant cost reduction programme and, as part of this process, has policies and procedures in place in respect of the appointment of external third parties. All external service provider contracts entered into by the bank comply with AIB’s policy in relation to engaging external service providers.

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