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:
It is a lending book. We assess the customer's ability to pay and look at his or her cash flow. We disclose on an ongoing basis if a customer is going to be impaired. However, we expect the vast majority of our book to be repaid. It is a lending book. As such, it is an assessment of potential future cash flow, security in a default and assumptions made on the basis of that security.
No comments