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

12:55 pm

Photo of Dara MurphyDara Murphy (Cork North Central, Fine Gael) | Oireachtas source

Let me put it another way. Of the current mortgages in default, how many fall into the category of persons who have contacted and engaged with the bank and are now deemed by it to be unable to pay? Earlier Mr. Boucher said 1,097 mortgages were unsustainable, 937 were in default and 10% of loans in arrears were in what he termed potentially a different category. Can he say how many Bank of Ireland mortgages are unsustainable and what will happen to the holders of these mortgages?

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