Oireachtas Joint and Select Committees

Wednesday, 5 November 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Overview of Banking Sector: Bank of Ireland

2:25 pm

Photo of Paul CoghlanPaul Coghlan (Fine Gael) | Oireachtas source

I welcome Bank of Ireland's good news story. It is appropriate that we are hearing from the bank at this time. The delegation's comments on the economy are welcome and corroborate what we are being told by the Minister for Finance and others. I am delighted that the bank's rate of new lending is on target and that it is providing one in three new mortgages. It has refunded the taxpayer totally. The taxpayer only has a 14% discretionary holding now. Bank of Ireland passed the stress tests and everything is set for further progress. Will the delegation comment on the mortgage table that is outlined on page 35? Is the bank satisfied with its progress vis-à-visall others?

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