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

2:15 pm

Mr. Brendan O'Connor:

No, I do not. Perhaps that is reasonably instructive. We do not look at negative or positive equity in making our determination; we look only at affordability. It is not actually a number that we keep. As I stated, the book of debts in arrears for more than 90 days demonstrates a ratio of approximately 70% negative equity to 30% positive equity. That is an aggregate number.

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