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

Therefore, the bank is sitting on in excess of 1,000 buy-to-let properties where no payment has been made in six months. Many of these, presumably, are rented out and the landlord is receiving the rent, but AIB has just appointed a few dozen rent receivers. What is the justification for that.

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