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
12:25 pm
Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source
Mr. Duffy revealed yesterday that whereas AIB had written off around €475 million, only €38 million of that was write-offs for residential mortgages and the rest was for the buy-to-let sector. In other words, the developers who were most guilty of getting us into this mess were getting write-offs while for the most part, ordinary home owners were not getting any forgiveness. What is the comparable situation in Bank of Ireland? Is it giving debt write-down or forgiveness to the developers on its books?
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