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

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Mr. Duffy said a high percentage of these unsecured loans are between banks and not with credit unions or other institutions. They are held by the banks. Do we have a situation therefore where a bank at one side of the table tries to put a PIA in place, but a bank on the other side does not assist in that because of the unsecured aspect of the debt? And does the same happen at times where a bank has secure debt, but AIB does not co-operate in regard to the unsecured debt?

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