Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

I thank Mr. Duffy. I will begin by referring to the Central Bank's report of 23 August which indicates that the banks are moving away from short-term, temporary treatments to offering more long-term, sustainable solutions. In its report the Central Bank gives two sets of figures on pages 4 and 5. One is a pie chart, while the other is a list of figures. It states that at the time the number of split mortgages seemed to be 0.4% and that interest-only mortgages still seemed to be 26.8%, which in many cases is very much a deferment process. It might be a long-term solution in some cases that reduces payments for less interest only accounts for just under 7%, while reductions in payments for greater than interest only accounts account for about another 22%. The figure for arrears capitalisation is 17.2%, while the figure for term extensions for other people is just under 20%. The total figure for residential mortgage loan accounts outstanding classified in that amount to arrears is €367 million. What percentage of that sum is AIB's outstanding figure? How much does AIB have outstanding on its book at this time? How does it break down with AIB's terms for resolutions? How many split mortgages are with AIB? How many times have people been moved from a purchase to a rental option? In how many cases has there been a level of write-down of debt? I am not asking Mr. Duffy to go through the particulars of a given circumstance, but on a case by case basis, is AIB now engaging in debt write-down for people who will not be able to resolve the debt and stay in their homes without a write-down?