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
1:30 pm
Mr. Richie Boucher:
The point I was trying to make, by drawing an analogy, was with the aim of ensuring that people did not compare apples to oranges. If we are to describe the orange, for want of a better term, repossessions are part of a normalised market. In the UK, if we have a loan book of €27 billion and roughly 180,000 mortgage accounts, 600 repossessions a year would be a relatively normalised market. Members should not quote me on these figures as I am just throwing them out.
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