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

12:45 pm

Mr. Brendan O'Connor:

We have none. To date, we have voted on two PIA agreements. We voted for both of them, but we were not in control of the process. We were reasonably minor, unsecured creditors. We have approximately 15 in the process that are subject to a protective certificate. In four of those cases, we will be the controlling creditor. It is likely, but the creditors' meeting has not taken place yet, that we will vote positively for the arrangement in three of the four cases and not in one, as we had already offered the customer a mortgage arrangement prior to that.

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