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
8:40 pm
Mr. Bernard Byrne:
There is tiered rating for smaller loans up to €300,000 in respect of the 92%, with the percentage dropping down as one exceeds that threshold. It is something we consciously decided to leave in place at this point in the cycle in order to allow people to purchase homes as the market recovers. I accept the point that in the longer term one would expect to see those ratios being reduced.
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