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

2:45 pm

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail) | Oireachtas source

I welcome Mr. Duffy and his colleagues from Allied Irish Banks. There are many areas I would like to cover and I will try to get through as many as I can in the time allocated to me.

I would like first to deal with the numbers in relation to the mortgage arrears resolution targets, some of which Mr. Duffy alluded to in his engagement with the Chairman. Perhaps Mr. Duffy would take us through them again. He mentioned that there were approximately 8,600 offers under the formal resolution programme in the second quarter to the end of June this year. Perhaps he could elaborate on the components of that figure?

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