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

1:20 pm

Mr. Liam McLoughlin:

With regards the question on dealing with distressed loans, again, we come to an arrangement with the customer. There are a variety of solutions for an SME in distress. Writing off the mortgage of such an SME customer is not a solution that we would pursue.

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