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

12:05 pm

Mr. Richie Boucher:

I believe we have eight owner-occupier accounts relating to Priory Hall property. First, those customers are not part of the normal resolution process and we recognise the particular circumstances. In this regard, while we are obliged under the code of conduct on mortgage arrears, CCMA, to send specific letters to those customers, they are not in a resolution or restructuring process. I think six or seven of the eight have advised us that they want a third party to represent them and that process is ongoing.

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