Oireachtas Joint and Select Committees

Wednesday, 2 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: Discussion

2:35 pm

Photo of Kieran O'DonnellKieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

As I have said to the other delegations, I want Mr. Hall to give practical solutions. In a lot of general cases banks are dealing with people reasonably well and going through it with people. There are cases - I have mentioned Danske specifically because I have come across such cases - in which a bank has been too aggressive. At times it lacked an element of logic and was only concerned about getting the loan book sold. In some cases it took hits and facilitated write-offs that made no economic sense long-term but in the short term got the case nice and shiny like a new car in order to sell it on. Can the delegations express a general view on the decoupling of business debt from property debt? Has the situation arisen?

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