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

One of the things that needs to be said is that AIB has been very innovative and has acted commendably since we met with it last. It has introduced some very helpful measures for its distressed customers. One of the issues I broached previously, and it arises in discussion this afternoon, concerns the sustainability level being 20% above the insolvency guidelines.

Bearing in mind everything must be done on a case-by-case basis, a percentage of those people who have come into difficulty would now be in their late 50s or early 60s and while they might be in a sustainable position now, that sustainability may not be met within their working life and certainly not within the terms of the mortgage. I am aware the Central Bank has been a bit more rigid in regard to allowing people work out sustainable solutions that may allow them to remain in their homes through retirement and ensuring the arrangements did not require to be wrapped up by then. Has AIB made any progress with the Central Bank on that area?