Oireachtas Joint and Select Committees
Tuesday, 3 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with AIB
3:50 pm
Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source
In response to Mr. Duffy, AIB has offered 8,600 long-term solutions to customers. Many people across the State were holding their breath in the hope these targets eventually would lead to something positive for those who were tearing their hair out night after night and who genuinely could not meet their mortgage repayments. The targets were supposed to be a wake-up call for the banks to tell them to get their act together. Members have heard this from the Financial Regulator and people involved in that sector in the past. It was about the banks getting their act together. Under that system, AIB was to issue 8,200 long-term offers.
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