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
2:05 pm
Stephen Donnelly (Wicklow, Independent) | Oireachtas source
I thank Mr. O'Connor. It is disappointing that in the figures that have been presented assisted voluntary sales and legal proceedings combined amount to 8,200 of the offers made by the end of last year, which means, therefore, that almost 60% of the offers the bank has made are either to leave the house with the homeowner's co-operation or to initiate legal proceedings of some description. Is Mr. Duffy surprised that the number is that high? Does he believe that is within the spirit of what the Central Bank targets were trying to achieve?
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