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
Richard 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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