Oireachtas Joint and Select Committees

Thursday, 10 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland

12:40 pm

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

Oddly enough, and perhaps running counter to my instincts and impulses and some of the questioning, I actually believe the banks. It is not in their interests to repossess people and they are under a great deal of pressure. Mr. Mason mentioned that Bank of Ireland reaches some arrangement in nine out of ten cases. What about the one to which it cannot offer a solution, even if that is what the customer is seeking?

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