Oireachtas Joint and Select Committees

Thursday, 10 April 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Mortgage Arrears Resolution Process: (Resumed) Bank of Ireland

11:10 am

Mr. Richie Boucher:

If I could take the first question first, we create provisions. We give disclosure on the provisions stock we hold. A provision is the expectation of a loss. It does not mean we actually are taking the loss. Indeed, part of our responsibility is to ensure that we provide, through our accounts, for the potential loss but try to minimise that potential loss. If I go to the presentation that I gave earlier,-----

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