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.

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