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

11:20 am

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein) | Oireachtas source

It is very rare that I am lost for words but I can tell the delegates they have done it again.

On the subject of repossessions, Mr. Boucher is the fourth CEO to appear at a meeting of the committee in the past three days. Between them, they have issued letters, including legal letters, seeking the surrender of 30,034 properties.

Bank of Ireland is responsible for 6,650 of those properties. Not one of the banks would have met the MART or mortgage arrears resolution targets if it was not for the abuse of repossessions and voluntary surrenders. Does Mr. Boucher have anything to say about that?

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