Oireachtas Joint and Select Committees
Thursday, 7 March 2013
Public Accounts Committee
2011 Appropriation Accounts and Annual Report of the Comptroller and Auditor General
Vote 6 - Office of the Minister for Finance
Chapter 1 - Financial Outturn for 2011
Chapter 2 - Government Debt
Chapter 3 - Banking and Insurance Measures
Chapter 5 - EU Financial Transactions
11:30 am
Shane Ross (Dublin South, Independent) | Oireachtas source
That is fine.
I refer to the mortgage issue. Mr. Moran's review of AIB mentions significant progress being made in 2012, with mortgage arrears increasing at a much slower pace. He says cost restructuring is under way and that 50 branches have been closed, which he regards as an achievement. He also refers to 2,500 staff departing and significant changes to benefits, which means they are being downgraded. He also regards this as an achievement. Is it likely that there will be more repossessions this year?
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