Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of AIB: Discussion
4:05 pm
Mr. Fergus Murphy:
EBS has been taking out mortgage indemnity insurance for the past ten or 15 years, but it no longer does it on its own book. It is often difficult for the bank to claim in cases of mortgage indemnity. In general, taking out insurance would be of marginal benefit to the customer. The main factor in the Canadian market which assisted it through the crisis was the limiting of loan-to-value ratios.
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