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

Photo of Ciarán LynchCiarán Lynch (Cork South Central, Labour) | Oireachtas source

Senator Sean Barrett will be the bank's last questioner today. First, I want to clarify something that arose this morning, because it is in the best interest of the bank and the committee to get this matter nailed down.

Earlier today, Mr. Boucher, we discussed unsecured and secured debt. The question is really whether the bank has written down secured debt in personal insolvency arrangements or bankruptcies to date. Also, we want to establish whether the bank provides write-downs and whether unsecured debt or secured debt was used for PIA and bankruptcy processes.

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