Oireachtas Joint and Select Committees
Thursday, 5 September 2013
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Overview of Financial Sector: Discussion with Permanent TSB
10:50 am
Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source
How many of the 21,600 customers listed for the end of September are in arrears for 90 days? The return on assisted voluntary sales was 800, which makes up 12% of the 6,650 figure returned to the Central Bank, went up to 1,000 at the end of June and between June and the September it increased by 100% to 2,000. That equates to 500 repossessions or assisted sales per month, which is a very high rate. How has that figure arisen and what offers does PTSB make to people who find themselves in that situation? The figure appears to be much higher than for the other institutions. Why is that the case?
The tracker book comprises €14 billion or 60% of the overall loan book of €24 billion. PTSB regards €9 billion of mortgages as viable and €4 billion as unviable. In other words, it regards one third of its tracker book as unviable.
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