Oireachtas Joint and Select Committees

Thursday, 1 November 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Discussion with Bank of Ireland

12:30 pm

Mr. Richie Boucher:

The disclosure is the negative equity. That is what we do; we do not do a realisable value. The vast majority of our mortgages are being repaid on time. Customers are able to meet their obligations and a primary assessment of our ability to have mortgages repaid is the customer's ability. We do not see a correlation between negative equity and ability to repay.

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