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

3:00 pm

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

I have only a couple of minutes left and will move on to the issue of strategic defaulters. Mr. Duffy has given his justification or rationale for his comment that these could be in the region of 20%. His comment that one quarter of holders of buy-to-let accounts made no repayments whatsoever in the past six months begs a question. Why is it that up to recently AIB had only appointed a handful of rent receivers? How many rent receivers has AIB appointed at this stage?

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