Oireachtas Joint and Select Committees
Wednesday, 9 April 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Mortgage Arrears Resolution Process: (Resumed) Permanent TSB and AIB
10:30 am
Michael McGrath (Cork South Central, Fianna Fail) | Oireachtas source
I accept that but it is very clear from the figures that PTSB has ramped up significantly its enforcement activity against borrowers in the last quarter. I accept the witnesses did not have to provide this information but they did so. Up to the end of the first quarter it has initiated court proceedings against about 2,000 borrowers, between PDH and buy-to-let. That is a lot of activity in the enforcement area. I presume the targets process has driven and accelerated that number of 2,000 people heading for court.
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