Dáil Éireann Debate, Thursday - 20 February 2014
89. Deputy Michael McGrath asked the Minister for Finance if AIB has sought his views on a full disposal of any part of its mortgage loan book; his views on such a course of action; and if he will make a statement on the matter. [8843/14]
View answerIn the Relationship Framework with AIB, it is recognised that the bank remains a separate economic unit with independent powers of decision and that its Board and management team retain responsibility and authority for determining AIB's strategy and commercial policies and conducting its day-to-day operations.
However under Clause 11 of this framework, AIB would be obliged to consult with me if they were proposing a disposal of a loan/loans for an amount in excess of €100 million.
Should I be consulted on the sale of any part of the mortgage loan book in the future I would carefully consider the matter based on the facts including the impact on profit, capital and funding in AIB.
