Dáil Éireann Debate, Thursday - 27 February 2014
78. Deputy Terence Flanagan asked the Minister for Finance if he has any concerns regarding AIB and Bank of Ireland providing corporate box sponsorship in various stadia; and if he will make a statement on the matter. [10273/14]
View answerAs the Deputy will be aware under the Relationship Framework the State does not intervene in the day to day operations of the banks or their management decisions regarding commercial matters.
As commercial organisations both banks must manage their costs in a way that is reflective of their commercial activities. To that end both banks have undertaken significant cost reduction programmes over recent years aimed at reducing their overall cost base. These programmes are ongoing and are a necessary part of returning the banks to profitability.
