Oireachtas Joint and Select Committees
Thursday, 20 December 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Role and Contribution of Public Interest Directors in Financial Institutions: Discussion
11:25 am
Peter Mathews (Dublin South, Fine Gael)
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Certus, the loan work-out vehicle for Lloyds Bank has written off €22 billion of the €40 billion peak gross loans that the Bank of Scotland (Ireland) wrote in the period up to 2008. That is more than 50%. The bank must look long and hard into its heart, heavily diluting the last PCAR in March 2011.
Reference was made in Mr. Walsh’s submission to the CBI-mandated review of corporate governance in Bank of Ireland by a major international firm. What was the major international firm?