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

10:25 am

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

What the committee is seeking is the further breakdown of these figures. With regard to the breakdown of the figure of 3,103 in the legal resolution process, what does that mean? For example, yesterday the AIB representatives said that for them it meant they sent a letter to people who had not made any payment or any contact in three years which stated yet again that they desired the customer to contact them or they would have to initiate legal proceedings. Second, in the case of the figure of 3,164, the committee is looking for the breakdown in terms of, for example, term extensions, interest only payments, debt for equity arrangements and so forth.

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