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

2:35 pm

Mr. Richie Boucher:

As at the end of June 2014, our provisions for defaulted loans on principal private residences came to €1.9 billion. The provision we hold against this comes to €900 million, a provision coverage ratio of 45%. The negative equity relating to the defaulted loans is €300 million.

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