Oireachtas Joint and Select Committees

Wednesday, 31 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functioning of AIB: Discussion

2:25 pm

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

My final question concerns the land and development and investment property loans of AIB, which are a significant part of its loan portfolio and impaired loans. In fact, they comprise a larger portion of the impaired loans than residential property loans. What is going on with regard to these loans? Tell us more about them and what is happening with them. Do these loans relate to commercial and residential property that is sitting around empty? Many people feel we could be doing something useful with this property, such as helping encourage small and medium enterprises or housing homeless people.

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