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
Stephen 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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