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

2:50 pm

Mr. Brendan O'Connor:

To be clear, of the 1,428 offers that were sent out, probably 20 to 30 will ultimately complete as a documented split mortgage. Of the 1,428, most of those who replied have been resolved by capitalisation and term extensions - the simpler or what we would call the less advanced forbearance. A split mortgage is an advanced forbearance product.

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