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

12:30 pm

Photo of Michael CreedMichael Creed (Cork North West, Fine Gael) | Oireachtas source

Is it not the case, given the bank's reluctance to write-off the residual debt in an assisted voluntary sale, that the bank's balance sheet benefits substantially more when there is an assisted voluntary sale where there is positive equity?

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