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

3:15 pm

Photo of Paul MurphyPaul Murphy (Dublin South West, Socialist Party) | Oireachtas source

I have a problem with the decision some of the shareholders are making.

To turn to the arrears figures, by my calculations, if one adds together the SME corporate loans arrears, the mortgages in arrears and the property and construction loans in arrears, the bank has €16.4 billion in arrears out of a total of €83.3 billion, which is very close to 20%. Is this not very high?

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