Oireachtas Joint and Select Committees
Wednesday, 4 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Bank of Ireland
11:45 am
Mr. Richie Boucher:
We are broadly following the same criteria. With SMEs there is sometimes more complexity involved. One can have other banks involved and there is a range of other revenues and income streams. What I disclosed relates to defaulted loans of €2.9 billion. We have a range of outcomes. We are moving through them. We have another 20% of offers as of this morning and we expect to have 90%.
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