Pearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

In regard to repossessions, has the Central Bank raised any issue with Permanent TSB in terms of the scale of repossessions? The figure for the most recent quarter for those against whom legal action or court proceedings have been initiated is 154 per week and there has been a ramping up of letters advising of legal action. Has the Central Bank given any advice or expressed any caution?

In my view, this is an abuse of the spirit of what was set out. That was not about threats of repossession, although that may happen in some circumstances. The fact that some banks are relying on 50% to reach the targets on repossession or threats thereof and that Permanent TSB is relying on over 30% is an abuse of the spirit of what was agreed last year.