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

5:15 pm

Mr. Brendan O'Connor:

No, I would not expect that. The base population is approximately 30,000 and if offers have been sent out to 6,000, that leaves about 24,000. To be clear on the letters we sent out, they give an opportunity to come out of a legal process and into a different sustainable solution. That is critical. We do not send the letters except in situations where somebody has not engaged with us, has not paid us anything in three months and we cannot contact him or her. I do not expect the proportions to be the same, but less.

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