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

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

The bank is trying to play the committee for fools. That is simply not acceptable. The witnesses mentioned that they had listened to some of the transcripts from yesterday. I am sure other members of the bank listened. The Chairman made very clear what we wanted. The figures have not been provided. The witnesses have given a very good presentation and I commend them on it. I also commend the bank on some of the achievements it has made on the markets and the loan-to-deposit ratio. There are a lot of positives about which we could talk but the purpose of the committee meeting is to focus on mortgage arrears. The bank has provided us with a lot of figures but the document with which we have not been provided relates to the other figure. The bank is trying to play us as fools and to tell us that what is provided is what the committee has sought.

I will go into the detail of what we have and what information has been provided orally to date. The first point relates to table 15, which the bank says is what is in place until the end of quarter 2 in June 2013. Is it correct that they are forbearance measures which could have arisen as far back as 2008?

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