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. Richie Boucher:

It may help if I repeat the earlier statistic. We have €1.9 billion of negative equity in our owner-occupier PDH book, of which €0.4 billion is in the default book. Our experience of negative equity or positive equity does not have a correlation with customer default.

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