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
12:50 pm
Peter Mathews (Dublin South, Independent) | Oireachtas source
Yes, for Bank of Ireland alone. That is how crazy the whole thing was and there are now 180,000 distressed and depressed families. I am depressed listening to these proceedings and it is not personal. I accept that Mr. Boucher was not on the board at the time. However, he now has a responsibility to face the mess and the financial destruction of the country courageously, fairly and justly. I know that he has the skills to do it and that he understands what I am saying, namely, that it is his duty to bring it to the Government's attention in order that it can go to the European Union and insist on creditor recapitalisation of the bank.
That brings me to Bank of Ireland having 8.8% provisioning of the total loan book of €92 billion. Do the witnesses know what Ulster Bank has in write-offs and provisioning? It is 30% and over. Do the witnesses know what AIB has for write-offs and provisioning? It is 18.5%. These banks operate in the same country, although I know Bank of Ireland also operates in Britain-----
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