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

12:00 pm

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent) | Oireachtas source

Let us compare Bank of Ireland and AIB in respect of the principal dwelling home category. Of approximately 11,000 mortgages in this category, Bank of Ireland has initiated 3,500 legal proceedings. AIB has approximately 25,000 mortgages and has initiated 2,800 legal proceedings. Despite having over twice the number of mortgages under consideration, AIB has initiated fewer legal proceedings.

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